Suppose the corporate tax rate for Company A is 46%. Consider a firm that earns $1454 bofore interest and taxes each year with no risk. The firm's capital expenditures equal its depreciation expenses each yoar, and it will have no changes to its net working capital. The risk-free interest rate is 5.32%. Suppose the firm has no debt and pays out its net income as a dividend each year. What is the value of the firm's equity? NOTE: Submit your answers with 4 decimals after the dot. Do not include the " \( \$ " \)quot; sign