Question: Based on the corporate valuation model, Wang Inc. s total corporate value is $ 4 2 5 million. Its balance sheet shows $ 1 0

Based on the corporate valuation model, Wang Inc.s total corporate value is $425 million. Its balance sheet shows $100 million notes payable, $200 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 firms value of equity (in millions)?

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