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