Milano Pizza Club owns three identical restaurants popular for their specialty pizzas. Each restaurant has a debt$-$to$-$equity ratio of $40$ percent and makes interest payments of $$47,000$ at the end of each year. The cost of the firm's levered equity is $18$ percent. Each store estimates that annual sales will be $$1\mathrm{.}33$ million, annual cost of goods sold will be $$568,500,$ and annual general and administrative costs will be $$379,000.$ These cash flows are expected to remain the same forever. The corporate tax rate is $40$ percent.

a$.$ Use the FTE approach to determine the value of the company's equity. $($Round the answer to $2$ decimal places. Omit $ sign in your response.$)$

Equity value $

b$.$ What is the total value of the company? $($Do not round intermediate calculations. Round the final answer to $2$ decimal places. Omit $ sign in your response.$)$

Total value

$