Based on the corporate valuation model, Wang Inc.'s total corporate value is $930 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. $830 million

b. $630 million

c. $730 million

d. $770 million

e. $670 million