Reynolds Construction's value of operations is $750 million based on the free cash flow valuation model. Its balance sheet shows $50 million of short-term investments that are unrelated to operations, $100 million of accounts payable, $100 million of 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

The best estimate for the firm's value of equity, in millions is $500 million

Explanation:

Given:

Free cash flow valuation model = $750 million

Short-term investments that are unrelated to operations = $50 million

Accounts payable = $100 million

Notes payable = $100 million

Long-term debt = $200 million

Common stock (par plus paid-in-capital) = $40 million

Retained earnings = $160 million

Firm value of equity = Free cash flow value - Debt - Notes payable + Investments

= ($750 - $200 - $100 + $50) million = $500 million

match each type of restriction with one of its effects.

a. land-use laws

b. labor laws

c. banking regulations

a. controlled development of towns and cities

b. protection of young workers

c. greater financial stability

ell really, the setting was in franklin and lincoln visits franklin even after he moved to columbus, and he went to school