MarineCo has unfunded pension liabilities valued at $200 million, recorded as a long-term liability. MarineCo has detailed a potential legal judgment of
$100 million for defective engines in its annual report. Since management estimates a 90 percent likelihood the judgment will be enforced against the engine maker and not MarineCo, they did not report a liability on the balance sheet. The company's marginal tax rate is 30 percent. If MarineCo's enterprise value is $2,600 million, what is MarineCo's equity value?