We want to find the value of equity for a private company, C-Jet. We found that the average unlevered equity beta for comps was 1.00. C-Jet is financed with $10M in debt. The expected EFCFs for C-Jet are $10M next year (the first EFCF we would get if we purchased the equity), and it grows at a constant rate of 2% thereafter (so, it's a growth perpetuity.) The risk free rate is 0% and the equity risk premium is 5%. Use the Case-1 formula for relevering the equity (i.e., the formula that needs uses a debt beta), but assume that the debt beta equals 0. What is the value of equity? The book value of equity is $100M. Round your answer to the thousand. So if you find that it is $333.1234567M, then enter $333.123. We do not care about anything below thousands: For example, we do not care whether the value is $333.123222 or $333.123444.