1 pts D Question 25 Lambert Corporation reported net income of $60 million for last year. Depreciation expense totaled $20 million and capital expenditures came to $5 million. Free cash flow is expected to grow at a rate of 4.5% for the foreseeable future. Lambert faces a 40% tax rate and has a 0.45 debt to equity ratio with $255 million (market value) in debt outstanding. Lambert's equity beta is 1.30, the risk-free rate is currently 5% and the market risk premium is estimated to be 6.5%. Assume return on debt to be same as risk free rate. What is the current total value of Lambert's equity (in millions)? Note: Discount FCF by WACC. $1,118.34 $655.90 $731.20 $1,025.95 $951.26