You have been provided with the following information for ABC limited as at ${31}^{st}$ December $2023.$ The company recorded revenues of Sh$.50$ Million and the profit margin was $25\%.$ Capital expenditure for the period was Sh$.2$ Million and depreciation value was Sh$.1$ Million. Working capital investment for the period equal to $5\%$ of revenues level in that year. The firm expects Revenues, Net Income, Interest expense, Capital Expenditure, Investment in Working Capital and Depreciation to grow at an annual rate of $20\%$ each year for $5$ years. After the five year growth period, growth in Revenues, Net Income, Depreciation Interest expense, Investment in Working Capital will decline to stable $3\%$ each year into the foreseeable future and Capital expenditure and Depreciation will offset each other. ABC limited has $2$ million of ordinary shares outstanding and $14\%$ interest bearing long term debt whose par value is Sh$.4$ Million. The average cost of capital for t$.$ he company has been estimated to be $18\%$ during the high growth stage and $12\%$ during the steady state. Calculate the value of the company and its equity using the Free Cash Flow to Equity Model $($FCF$)$