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 $1\mathrm{.}6,$ 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 $5$ percent and a market risk premium of $9$ percent. If Amara$$s had FCF last year of $$49\mathrm{.}0$ million and has current debt outstanding of $$123$ million, find the value of Amara$$s equity assuming a $4\mathrm{.}8$ percent growth rate in FCF$.$