Reynolds Construction's value of operations is $750 million based on the corporate valuation model. Its balance sheet shows $50 million of short-term investments that are unrelated to operations, $300 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?

Answer rating: 100% (QA)

To calculate the firms value of equity we need to subtract the tota... View the full answer