The 2008 Financial Statements for Carmela's Catering Are as Follows

The 2008 financial statements for Carmela's Catering are as follows: The firm has 100,000 shares of common stock outstanding with a market value of $8 a share.
-Refer to the information above. Calculate the enterprise value for Carmela's, assuming that the market value of its debt is equal to its book value.

A) $1,015,000
B) $1,120,000
C) $980,000
D) $670,000