You Own 20% of Holiday Travels, Inc

You own 20% of Holiday Travels, Inc. You have decided to retire and want to sell your shares in this closely held, all equity firm. The other shareholders have agreed to have the firm borrow $800,000
To purchase your 500 shares of stock. What is the total value of Holiday Travels Inc. if you ignore
Taxes?

A) $2.9 million
B) $3.2 million
C) $3.7 million
D) $4.0 million
E) $4.8 million