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 $$25$ million or increase to $$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 Intermedlate calculations. Round the final answer to $2$ declmal places. Omit any commes and the $5$ sign In your response. For example, an answer of $$1,000\mathrm{.}30$ should be entered as $1000\mathrm{.}50.)$Numeric Response