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Answer without Excel pls. For a school project, you have been asked to examine the capital structure for Chocalatety Donuts Incorporated. After research, you find

Answer without Excel pls.

For a school project, you have been asked to examine the capital structure for Chocalatety Donuts Incorporated. After research, you find the following:

Financial Information: Value:
Shareholder equity $240.00 million
# of shares outstanding 65.50 million
Price per share $18.25
Book value of debt $50.00 million
Market value of debt 90.00% of face value

What is the market capitalization of the common equity? (answer in terms of millions)

Answer format: Currency: Round to: 2 decimal places.

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