Multiples Analysis: Turner Company Has Debt of $230 Million and Generated

Multiples analysis: Turner company has debt of $230 million and generated a profit of $121 million in the last financial year. In attempting to determine the total value of the company, an investor identified a similar company in Jacobs, Ltd., an all-equity company. This company had 150 million shares outstanding, a share price of $14.25, and profit of $182 million. What is the total value of Turner company? Round to the nearest million dollars.

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