You have been tasked with using the FCF model to value Julie's Jeweiry Co. After, your initial review, you find that Julie's has a reported equity beta of 11, a debt-to-equity ratio of .5, and a tax rate of 21 percent. In addition, market conditions suggest a risk-free rate of 3 percent and a market risk premium of 7 percent. If Julie's had FCF last year of $47.5 million and has current debt outstanding of $120 miltion, find the value of Julle's equity assuming a 2 percent growth rate in FCF. (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)