Given the following information

Items\Year	2023	2024	2025	Terminal year (2026)
EBIT	8.69	13.84	19.76	27.72
FCInv	1.37	1.61	2.78	3.97
WCInv	1.89	2.67	3.60	4.47
Depreciation	1.10	1.59	1.46	10
Interest	0.55	0.84	1.43	1.62
Net Borrowing	1.11	1.31	1.67	-0.91

Assume that tax rate is 0.2. Year 2026 is the terminal year. After 2026, the firm's FCFF will grow at 6% forever. Finally, assume that the firm's discount rate is 12%. What is the value of the equity holders?

hint: you need to use FCFE instead of FCFF (assume that FCFE will grow at the same constant growth rate)