You have been tasked with using the FCF model to value Amara$$s Jewelry Company. After your initial review, you find that Amara$$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 $12$ percent. If Amara$$s had FCF last year of $$44\mathrm{.}5$ million and has current debt outstanding of $$114$ million, find the value of Amara$$s equity assuming a $4\mathrm{.}2$ percent growth rate in FCF$.$