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Determine the equity value of the following scenario, assuming there is no end to the...

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Determine the equity value of the following scenario, assuming there is no end to the timeline and the following data: Cost of equity = 17.36% Cost of debt = 6.54% Debt = $579MM Equity = $1,241MM Tax rate = 40% Long-term growth expectations = 3.3% Future Equity Cash Flows (FCFE) are forecast as follows: Year O: n/a Year 1: 127 Year 2: 149 Year 3: 162 Year 4: 176 Year 5: 182 (Round your answer to the nearest cent)

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