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 $115 million Alternatively, the trustees, using the analysis of the Zulu Consulting firm, predict that the reorganized business will generate $14 million annual cash flows in perpetuity. The discount rate is 11% Calculate the present value if the company is alive. (Enter the answer in millions. Round the final answer to 2 decimal places. Omits sign in your response.) PV $ Should Boniface be liquidated or reorganized? O Boniface should be liquidated Boniface should be reorganized