Determine the equity value of the following scenario, assuming there is no end to the timeline and the following data:

Cost of equity = 15.8%

Cost of debt = 7.95%

Debt = $579MM

Equity = $1,241MM

Tax rate = 40%

Long-term growth expectations = 3.5%

Future Equity Cash Flows (FCFE) are forecast as follows:

Year 0: n/a

Year 1: 124

Year 2: 151

Year 3: 166

Year 4: 178

Year 5: 184