QUESTION 24 Based on the corporate valuation model, Wang Inc.'s total corporate value is $750 million. Its balance sheet shows $100 million noten payable, $200 million of long-term debt, $40 million of common stock (par plus paid in capital), and S160 million of retained earnings. What is the best estimate for the firm's value of equity, in millions? O a $386 b. $406 O c $428 O d. 5450 e $473 QUESTION 25 Based on the corporate valuation model, Entertainment's total corporate value is $1.200 million. The company's balance sheet shows $120 million of notes payable, $300 million of long-term debt, 550 million of preferred stock, SiS0 million of retained earnings, and $800 million of total common equity. If the company has 30 million shares of stock outstanding, what is the best estimate of its price per share? 8. 521.90 O b. $24 33 526,77 d. 529.44 De 532 39