A consultant has collected the following information regarding Young Publishing:

Total assets $3,000 million

Operating income (EBIT) $800 million

Interest expense $0 million

Net income $480 million

Share price $32.00

Tax rate

40%

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?