You are valuing the equity of NewNil Corp. using the FCFE approach and have estimated that the FCFE in the next three years will grow at $8$ percent rate from last year's FCFE of $$2\mathrm{.}1$ million. Beginning in year $4,$ you expect the cash flows to increase at a constant rate of $5$ percent per year for the indefinite future. The cost of equity for the firm is $10$ percent. What is the value of equity in this company?

$$42$ million

$$56$ million

$$48$ million