$1$ point

An analyst has determined that the appropriate EV$/$EBITDA for Rainbow Company is $10\mathrm{.}7.$

The analyst has also collected the following forecasted information for Rainbow Company:

EBITDA $=22,182,405$

Market value of debt $=65,832,204$

Cash $=1,992,843$

Compute the value of equity for Rainbow Company.

$($Enter your answer as a number, rounded to the nearest whole number, like this: $1234)$