A consultant has collected the following information regarding Young Publishing:
Total assets			$3,000 million		Tax rate	40%
Operating income (EBIT)			$800 million		Debt ratio	0%
Interest expense			$0 million		WACC	10%
Net income			$480 million		M/B ratio	1.00
Share price			$32.00		EPS = DPS	$3.20
The company has no growth opportunities (g = 0), so the company pays out all of its earnings as dividends (EPS = DPS). The consultant believes that if the company moves to a capital structure financed with 20% debt and 80% equity (based on market values) that the cost of equity will increase to 11% and that the pre-tax cost of debt will be 10%. If the company makes this change, what would be the total market value (in millions) of the firm?