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FinCorp's free cash flow to the firm is reported as $225 million. The firm's interest expense is $30 million Assume the tax rate is 35%

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FinCorp's free cash flow to the firm is reported as $225 million. The firm's interest expense is $30 million Assume the tax rate is 35% and the net debt of the firm increases by $8 million. What is the market value of equity if the FCFE is projected to grow at 3% indefinitely and the cost of equity is 11%? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Market value million

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