Question: MarineCo has no debt but does have unfunded pension liablities valued at $200 Million, recorded as long term other liability, MarineCo has detailed in its annual report a potential legal judgement of $100 Million for defective engines. Since management estimate a 90% likelihood the judgement will be enforced against the engine makers and not MarineCo, it has not reported a liablity on the balancesheet. The company marginal tax rate is 30%. Based on information and information provided in question 2(Assuming no sales in subsidary), what is MarineCo equity value.