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Vera_Pavlovna [14]
4 years ago
12

: Based on the corporate valuation model, Wang Inc.'s total corporate value is $750 million. Its balance sheet shows $100 millio

n 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
Business
1 answer:
Leni [432]4 years ago
7 0

Answer:

450 million is the firm’s value of equity

Explanation:

In this question, we are asked to calculate the best estimate for the firm’s value of equity in millions.

To calculate this, we proceed as follows;

Mathematically;

Firm’s value of equity= [(Total corporate Value - (Notes payable + Long term debt)]

From the question, we identify the total corporate value as 750 million, the notes payable as 100 million and a long term debt of 200 million

Now, plugging these into the equation above, we have ;

Firm’s value of equity = 750 million - (100 million + 200 million) = 750 million - 300 million = 450 million

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