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The JD Corporation reported net income of $65 million for last year. Depreciation expense totaled $18 million and capital expenditures came to $6 million. Free

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The JD Corporation reported net income of $65 million for last year. Depreciation expense totaled $18 million and capital expenditures came to $6 million. Free cash flow is expected to grow at a rate of 5.5 % for the foreseeable future. The firm faces a 40% tax rate and has a 0.48 debt to equity ratio with $205 million (market value) in debt outstanding. JD Corporation's equity beta is 1.25, the risk-free rate is currently 3% and the market risk premium is estimated to be 7.5%. What is the current total value of the firm's equity (in millions)

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