FinCorps free cash flow to the firm is reported as $300 million. The firms interest expense is $41 million. Assume the corporate tax rate is 21% and the net debt of the firm increases by $4 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%?

Note: Do not round intermediate calculations. Enter your answer in millions of dollars rounded to 2 decimal places.

Note: The answer $3,006.77 / $3,006.77 million is incorrect.