Hasting$$s has $1$ million shares outstanding and a target capital structure consisting of $30\%$ debt. The interest rate on the debt is $8\%.$ Assume the risk$-$free rate is $5\%$ and the market risk premium is $6\%.$ Their marginal tax rate is $40\%.$ Hasting$$s free cash flow $($FCF$0)$ is $$2$ million per year and is expected to grow at a constant rate of $5\%$ a year. They have a beta of $1\mathrm{.}4.$ What is the value of their operation? If they have $$10\mathrm{.}82$ million in debt, what is the current value of their stock?