Question: Based on the corporate valuation model, Wang Inc. ' s total corporate value is $ 9 1 0 million. Its balance sheet shows $ 6

Based on the corporate valuation model, Wang Inc.'s total corporate value is $910 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)?
a. $850 million
b. $730 million
c. $790 million
d. $750 million
e. $770 million

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