Zoom Corp. recently valued its operations using a standard, cash flow based corporate valuation model. The calculated value of a company's operations was $975 million. Zoom's balance sheet shows $50 million of excess cash and $125 million of marketable securities that are unrelated to its operations. The balance sheet also shows $160 million in accounts payable, $50 million in accruals, $98 million of intangible assets, $200 million in notes payable, $325 million in long-term debt, $175 million in common stock (par value plus paid-in-capital), and $125 million in retained earnings. What is your best estimate for Zooms market value of equity?