Question: 14. Based on the corporate valuation model, Wang Inc.'s total corporate value is $670 million. Its balance sheet shows $60 million notes payable, $120 million

14.

Based on the corporate valuation model, Wang Inc.'s total corporate value is $670 million. Its balance sheet shows $60 million notes payable, $120 million of long-term debt, $40 million of common stock (par plus paid-in-capital), and $160 million of retained earnings. What is the best estimate for the firm's value of equity (in millions)? O a $610 million O b. 5490 million O $550 million d. 5510 million e $530 million

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