Discounted Dividends Method

At the beginning of year 1, your company invests $15 million in a project that will last three years. Dividends for the company are expected to be $8 million in year 1, $6 million in year 2, and $5 million in year 3, at which point the project terminates. Ignoring taxes and assuming a cost of equity capital for this firm is 10%, calculate the value of the firms equity.