MarineCo manufactures, markets, and distributes recreational motorboats. Using discounted free-cash-flow analysis, you value the companys operations at $2,50o million. The company has a 20 percent stake in a nonconsolidated subsidiary valued at $500 million. The investment is recorded on MarineCo's balance sheet as an equity investment of $50 million. MarineCo is looking to increase its ownership. The company's marginal tax rate is 30 percent. Based on this information, what is MarineCo's enterprise value? If new management announced its plan to sell the company's stake in the subsidiary at its current value, how would that change your valuation? MarineCo has no debt but does have unfunded pension liabilities valued at $200 million, recorded as a long-term other liability. MarineCo has detailed in its annual report a potential legal judgment of $100 million for defective engines. Since management estimates a 90 percent likelihood the judgment will be enforced against the engine maker and not MarineCo, it has not reported a liability on the balance sheet. The company's marginal tax rate is 30 percent. Based on this information and information provided in Question 2 (assuming no sale of the subsidiary), what is MarineCo's equity value