Question: Below are selected financial data on ABC Industries Inc. ABC has 9.86 billion shares outstanding and the current share price is $6.71. Assume that all

Below are selected financial data on ABC Industries Inc. ABC has 9.86 billion shares outstanding and the current share price is $6.71. Assume that all cash and short-term investments are considered excess cash. In addition, assume that the market value of debt is equal to the book value of debt. Calculate the enterprise value of ABC. Express the enterprise value in $-billions and round to two decimals (do not include the $-sign in your answer).

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