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Confused, please help FinCorp's free cash flow to the firm is reported as $220 million. The firm's interest expense is $25 million. Assume the corporate

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Confused, please help

FinCorp's free cash flow to the firm is reported as $220 million. The firm's interest expense is $25 million. Assume the corporate tax rate is 21% and the net debt of the firm increases by $6 million. What is the market value of equity if the FCFE is projected to grow at 3% indefinitely and the cost of equity is 12% ? Note: Do not round intermediate calculations. Enter your answer in millions of dollars rounded to 2 decimal places

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