I need help understanding and solving the following problem:

EXERCISE # 2 : The following data is for the coming year . FinCorp's Net Income is reported as $ 1 95 million . Depreciation Expense is $20 million , accounts receivable* decreased by $20 million , accounts payable decreased by $10 million , and inventories increased by $ 10 million . The firm's interest expense is $2 2 million . Assume the tax rate is 35% and the net debt of the firm increases by $3 million . What is the market value of equity if the FCFE is projected to grow at 3% indefinitely and the cost of equity is 1 1 % ?' FCFEI = EQO =