Based on the Corporate Valuation Model,Wang Inc

Multiple Choice

Based on the corporate valuation model,Wang Inc.'s total corporate value is $750 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 firm's value of equity (in millions) ?

A) $423
B) $450
C) $531
D) $522
E) $360