Question: Based on the corporate valuation model, the total corporate value of Wang Inc. is $550 million. Its balance sheet shows $100 million of notes payable,

Based on the corporate valuation model, the total corporate value of Wang Inc. is $550 million. Its balance sheet shows $100 million of notes payable, $200 million of long-term debt, $40 million of common shares (at par plus paid). -capital) and $160 million of retained earnings. What is the best estimate of the company's equity value, in millions?

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