A company has a zero coupon bond issue with a face value of $$2\mathrm{.}2$ million that matures in one year. The assets of the firm are currently valued at $$3\mathrm{.}4$ million, but this amount is expected to either decrease to $$2\mathrm{.}5$ million or increase to $$3\mathrm{.}8$ million in a year's time. Assume the risk$-$free rate is $5\%.$ What is the value of the equity? $($Do not round intermediate calculations. Round the final answer to $2$ decimal places. Omit any commas and the $ sign in your response. For example, an answer of $$1,000\mathrm{.}50$ should be entered as $1000\mathrm{.}50.)$

Numeric Response