After the recap wd 35 what is s the value of equity after, Financial Management

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After the recap wd 35 what is s the value of equity after

Nichols Corporation's value of operations is equal to $500 million after a recapitalization (the firm had no debt before the recap). It raised $175 million in new debt and used this to buy back stock. Nichols had no short-term investments before or after the recap. After the recap, wd = 35%. what is s (the value of equity after the recap)? Enter your answer in millions of dollars. million

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