Based on the corporate valuation model, Wang Inc.'s total corporate value is $960 million. Its balance sheet shows $90 million notes payable, $180 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. $870 million b. $690 million c. $780 million d. $800 million e. $730 million Jayden Angel holds a $200,000 portfolio consisting of the following stocks. The portfolio's beta is 1.200. If Jayden replaces Stock A with another stock, E, which has a beta of 1.75, what will the portfolio's new beta be? Do not round your intermediate calculations. a. 1.3100 b. 1.3388 c. 1.4625 d. 1.8000 e. 1.6375