FinCorp's free cash flow to the firm is reported as $$305$ million. The firm's interest expense is $$42$ million. Assume the corporate tax

rate is $21\%$ and the net debt of the firm increases by $$5$ million. What is the market value of equity if the FCFE is projected to grow at

$3\%$ indefinitely and the cost of equity is $12\%?($Round your answer to $2$ decimal places.$)$

Market value of equity