IFinCorp's free cash flow to the Firm is reported as $245 million. The firm's interest expense is $38 million. Assume the tax rate is 30% and the net debt of the firm increases by $7 million. What is the market value of equity if the FCFE is projected to grow at 4% indefinitely and the cost of equity is 12%? (L0 13-4) 1 FCFF O Interests expense Tax rate Debt increase 8 FCFE O FCFE 1 Equity value