Oak Barrel Company Has Net Operating Income of $10 Million

Oak Barrel Company has net operating income of $10 million.Further,the company has $80 million of debt outstanding with a required rate of return of 7 percent; the required rate of return on the industry is 11 percent; and the corporate tax rate is 40 percent.What is the value of the Oak Barrel Company?

A) $86.55 million
B) $83.77 million
C) $81.46 million
D) $72.28 million