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Check My Work (3 remaining) 2 O eBook Value of Equity after Recapitalization Nichals Corporation's value of operations is equal to $450 million after a

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Check My Work (3 remaining) 2 O eBook Value of Equity after Recapitalization Nichals Corporation's value of operations is equal to $450 million after a recapitalization (the firm had no debt befare the recap). It raised $225 million in new debt and used this to buy back stork. Nichols had no short-term investments before or ofter the recap. After the recap, wd-50%. What is 5 (the value of oquity ter the recap)? Enter your answers in milions. For example, an answer of $10,550,000 should be cntered as 10.55. Round your answer to the ncarest whole number million

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