What is the total fair value of limbaugh

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Question - Assume that Al Franken invests $5 million in Rush Limbaugh, a variable interest business entity. Franken is the primary beneficiary of Limbaugh's activities. Limbaugh presents the following information at assessed fair values:

Cash $5,000,000

Land $20,000,000

Food Production Facility $60,000,000

Long-term Debt $65,000,000

Franken Equity Investment $5,000,000

If the non-controlling interest (NCI) fair value is $15,000,000, what is the total fair value of Limbaugh?

Reference no: EM133147179

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