Shatin Foods Inc., the grocery store chain, is expected to generate free cash flow of $290.683 million at the end of the year. Analysts expect Shatin's cash flows to grow in perpetuity at the rate of 2.5%. Shatin has debt worth $1.5 billion. The annual coupon rate is 6% and the yield on the bonds is also 6%. Shatin's debt-to-value ratio is 30% and management plan to maintain that ratio in perpetuity. Shatin's stockholders require a return of 10.179%. The tax rate is 34%. Use this information to answer the questions that follow. Part 1 What is free cash flow to equity? Express your answer in millions of dollars rounded to one decimal place. Free cash flow to equity = $ M Part 2 What is the value of the equity using the FCFE approach? Express your answer in millions of dollars rounded to one decimal place. Value of equity = M Part 3 What is the value of the equity using the DCF/WACC approach? Express your answer in millions of dollars rounded to one decimal place. Value of equity = $ M