6 . You are valuing & technology company whose enterprise value is $ 800 million . The company has no debt , but considerable*$ ble employee options , 10 million in total . Based on option pricing models . you value each option at $ 6. 67 per option . If the company has 40 million shares outstanding . what is the company's equity value and value per share ?" What is the value per share using the exercise value approach ? Assume the average strike price equals $ 15 . EXHIBIT 1 2 & Marine Co: Income Statement and Balance Sheet $ million Income Statement Balance Sheet Sales of machinery 1. 5^7 Generating assets Revenues of financial products Financial receivables Total revenues* 1. 7^1 Total assets Cost of goods sold 1 1 , 007] Interest expense of financial products Operating liabilities* Total operating costs General obligation debt Debt related to financial products* Operating profit 1. 17 '7 Stockholders" Equity* Interest Expense , General obligation Total liabilities and equity" Net income