Lambert Corporation reported EBIT of $60 million for last year. Depreciation expense totaled $20 million and capital expenditures came to $5 million. Free cash flow is expected to grow at a rate of 4.5 percent for the foreseeable future. Lambert faces a 21 percent tax rate and has a 45 debt to equity ratio with $255 million (market value) in debt outstanding, Lambert's equity beta is 130, the risk-free rate is currently 5 percent, and the market risk premium is estimated to be 6.5 percent. What is the current total value of Lambert's equity (in millions)? Multiple Choice $655.90 $712.62 $908.89 $95126 $1,025.95