You have been tasked with using the FCF model to value Amara's Jewelry Company. After your Initlal review, you find that Amara's has a reported equity beta of $1\mathrm{.}7,$ 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 $6$ percent and a market nsk premium of $8$ percent. If Amara's had FCF last year of $$51\mathrm{.}5$ million and has current debt outstanding of $$128$ million, find the value of Amara's equity assuming a $3\mathrm{.}7$ percent growth rate in FCF$.$

Note: Do not round intermediate calculations. Enter your answer in millions rounded to $2$ decimal places.

$\backslash$table$[[$Value of the equity,$$\mathrm{.}74$