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 $140 million Alternatively, the trustees, using the analysis of the Zula Comalting firm, predict that the reorganized business will generate $18 million annual cash flows in perpetuty. The discount rate is 19 Calculate the present value of the company is alive. (Enter the answer in milliona. Round the final answer to 2 decimal places Onits sign in your response.) PV Should Boniface be liquidated or reorganized? O Boniface should be liquidated. Boniface should be reorganized