MarineCo manufactures, markets, and distributes recreational motor boats. Using discounted free cash flow, you value the companys operations at $2,500 million. The company has a 20% stake in a nonconsolidated subsidiary valued at $500 million. The investment is recorded on MarineCos balance sheet as an equity investment of $50 million. MarineCo is looking to increase its ownership. The companys marginal tax rate is 30 percent. Based on this information, what is MarineCos enterprise value? If new management announced its plan to sell the subsidiary at its current value, how would that change your valuation?