Oman biker LLC owns three outlet stores where they sell motor$-$bike equipment and clothing. Firm has fixed debt$-$to$-$equity ratio of $40$ percent and makes interest payment of $34,000$ OMR at the end of each year. The cost of firm's levered equity is $19$ percent. Oman biker estimates that annual sales will be $1\mathrm{.}2$ million OMR, annual cost of goods sold will be $510,000$ OMR and annual general and administrative costs will be $340,000$ OMR. These cash flows are expected to remain in perpetuity. The corporate tax rate is $15$ percent.

a$)$ Use the flow$-$to$-$equity approach to determine the value of Oman biker's equity.

b$)$ What is the total value of the company?