You have been tasked with using the FCF model to value Amara's Jewelry Co$.$ After your initial reveiw, you find that Amara's has a reported equity beta of $1\mathrm{.}4,$ a debt$-$to$-$equity ratio of $0\mathrm{.}5,$ and a tax rate of $21$ percent. In addition, market conditions suggest a risk$-$free rate of $2$ percent and a market risk premium of $8$ percent. If Amara's had FCF last year of $$42\mathrm{.}5$ Million and has current deby outstanding of $$110$ million, find the value of Amara's equity assuming a $2\mathrm{.}5$ percent growth rate in FCF$.$