A petition for the reorganization of the Boniface Company has been filed under the Insolvency Act. The trustees estimate the firm's liquidation value, after considering costs, is $102 million. Alternatively, the trustees, using the analysis of the Zulu Consulting firm, predict that the reorganized business will generate $18 million annual cash flows in perpetuity. The discount rate is 14%. Calculate the present value if the company is alive. (Enter the answer in millions. Round the final answer to 2 decimal places. Omit $ sign in your response.) PV $ Should Boniface be liquidated or reorganized? O Boniface should be liquidated. O Boniface should be reorganized