have been provided the following information on SEU Inc, a manufacturer of high$-$end stereo systems. In the most recent year, which was a bad one, the company made only $ $40$ million in net income. It expects next vear to be more normal. The book value of equity at the company is $$1$ billion, and the average return on equity over the previous $10$ years $($assumed to be a normal period$)$ was $10\%.$ The company expects to make $ $80$ million in new capital expenditures next year. It expects depreciation, which was $ $50$ million this year, to grow $11\%$ next year. The company had revenues of $ $1\mathrm{.}5$ billion this year, and it maintained a non$-$cash working capital investment of $10\%$ of revenues. It expects revenues to increase $20\%$ next year and working capital to decline to $9\mathrm{.}5\%$ of revenues. The firm expects to maintain its existing debt policy $($in market value terms$).$ Estimate the FCFE next year assuming no new debt has been issued.