Lansing Corporation Reported Net Income of $65 Million for Last

Lansing Corporation reported net income of $65 million for last year.Depreciation expense totaled $15 million and capital expenditures came to $6 million.Free cash flow is expected to grow at a rate of 4.5% for the foreseeable future.Lansing faces a 40% tax rate and has a 0.35 debt to equity ratio with $260 million (market value) in debt outstanding.Lansing's equity beta is 1.35,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 Lansing's equity (in millions) ?

A) $655.90
B) $737.54
C) $840.61
D) $951.26
E) $1,025.95