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Elmar Industries reported FCF of $26 mil. last year. This cashflow is expected to grow at a rate of 2% for the foreseeable future. The

Elmar Industries reported FCF of $26 mil. last year. This cashflow is expected to grow at a rate of 2% for the foreseeable future. The firm has $111 mil. of debt and $47 mil. in nonoperating assets. If the firm's WACC is 8%, what is the aggregate value of the firm's equity? Rounded to two decimal places.

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