What is the total value of turner corp


Turner Corp. 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 Jacobs, 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 total value of Turner Corp.? Round to the nearest million dollars.

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: What is the total value of turner corp
Reference No:- TGS0513533

Expected delivery within 24 Hours