FinCorp's free cash flow to the firm is reported as $205 million. The firm's interest expense is $ 22 million . Assume the corporate tax rate is 21% and the net debt of the firm increases by $ 3 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 % ? ( Do not round intermediate calculations . Enter your answer in millions rounded to 2 decimal places . )