Conglomerate XYZ has a market value of $150 million. The firm has the following two divisions:

	EBITDA
Oil and Gas	$35 million
Transportation	$20 million

Suppose you have collected the following data for pure players in each division:

	EBITDA	Market Value
Oil and Gas Pure Player	$150 million	$450 million
Transportation Pure Player	$225 million	$900 million

What is the imputed or intrinsic value of the conglomerate?

Group of answer choices

$140 million

$185 million

$375 million

$1,350 million

$95 million