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Fin Corp's free cash flow to the firm (FCFF) is expected to be $245 million in the next year. The firm's interest expense is going

Fin Corp's free cash flow to the firm (FCFF) is expected to be $245 million in the next year. The firm's interest expense is going to be $38 million. Assume the tax rate is 30% and the net debt of the firm will increase by $7 million over the year.

What is the market value of equity if the FCFE is projected to grow at 4% indefinitely and the cost of equity is 12%?

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