Lambert Corporation Reported Net Income of $60 Million for Last

Lambert Corporation reported net income of $60 million for last year.Depreciation expense totaled $20 million and capital expenditures came to $5 million.Free cash flow is expected to grow at a rate of 4.5% for the foreseeable future.Lambert faces a 40% tax rate and has a 0.45 debt to equity ratio with $255 million (market value) in debt outstanding.Lambert's equity beta is 1.30,the risk-free rate is currently 5% and the market risk premium is estimated to be 6.5%.What is the current total value of Lambert's equity (in millions) ?

A) $655.90
B) $731.20
C) $840.61
D) $951.26
E) $1,025.95