An outstandingly successful company is all-equity financed with a value of $211 million. The personal income tax rate on interest is 45%, and the personal income tax rate on equity is 10%. The corporate tax rate is 30%. What would be the total value of the company if the leverage was increased to include $124 million of perpetual debt financing? Currently, the potential value lost due to shirking and perquisites is $22 million; these would drop to $5 million under the new structure. Expected costs of financial distress would rise from $0 to $10 million. Indicate your answer in millions and round to two decimal places. Do not put ' $ ' in your response. Your