Great!  If you are still unsure as to why you got the answer, here is the explanation:  There are 13,487,350 shares outstanding, which each made a profit of $2.98.  To find the total net profit [aka earnings], multiply these two together.  This means that A.G. Enterprises earned $40,192,303.  The price-to-earnings ratio is 27.5 [meaning the company is selling for 27.5 times earnings].  Simply multiply the earnings [$40,192,303] by the p/e ratio.  This gives you $1,105,288,332.50 as the market cap.

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