FifeSiete Has Debt of $230 Million and Generated a Net

question 1

Multiple Choice

FifeSiete. has debt of $230 million and generated a net income of $121 million in the last fiscal year. In attempting to determine the total value of the firm, an investor identified a similar firm in Neuncon, Inc., an all-equity firm. This firm had 150 million shares outstanding, a share price of $14.25, and net income of $182 million. What is the implied total value of FifeSiete? (Round to the nearest million dollars.)

• A) $1,421 million
• B) $1,651 million
• C) $1,191 million
• D) $1,715 million

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