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In the recent year the D&V Corporation earned $75 million before interest and taxes. Capital expenditures were $25 million, and depreciation was $50 million, working

In the recent year the D&V Corporation earned $75 million before interest and taxes. Capital expenditures were $25 million, and depreciation was $50 million, working capital expenses were $10 million. The firm's WACC is 16%, the marginal tax rate is 20%, and the expected future cash flow growth rate is 6%. The market value of debt is $650 million. Please calculate the value of the firm's equity.

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