A company has fixed debt of 40million with term two years, the current value of the [7%] companys assets 60million and the Merton model for credit risk holds true. The risk-free rate of return is 5% p.a. continuously compounded, the assets of the company follow geometric Brownian motion with volatility 42% per annum and there are no other dividends or interest payments. Calculate the current value of the companys equity.