Acquirer Incorporated’s management believes that the most reliable way to value a potential target firm is by averaging multiple valuation methods, since all methods have their shortcomings. Consequently, Acquirer’s chief financial officer estimates that the value of Target Inc. could range, before an acquisition premium is added, from a high of $650 million using discounted-cash-flow analysis to a low of $500 million using the comparable companies relative-valuation method. A valuation based on a recent comparable transaction is $672 million. The CFO anticipates that Target Inc.’s management and shareholders would be willing to sell for a 20% acquisition premium, based on the premium paid for the recent comparable transaction. The CEO asks the CFO to provide a single estimate of the value of Target Inc. based on the three estimates. In calculating a weighted average of the three estimates, she gives a value of 0.5 to the recent transactions method, 0.3 to the DCF estimate, and 0.2 to the comparable companies estimate. What is the weighted-average estimate she gives to the CEO? Show your work.