Based solely on the information provided in the fact pattern below, what is the Equity Value Available to Common? Your answer should be presented in $ millions, rounded to the nearest tenth (e.g., $150,784,555 should be presented as $150.8)

Ebitda at close: $31.5

Exit Multiple: 11.0x

Investment Hold Period: 5 years

Liquidation Preference: 1.0x

Preferred Annual Dividend: 10.0%

Target Balance Sheet Items

Cash: 10.0

Revolver: 6.5

Senior Debt: 85.0

Preferred Equity: 50.0

• $50.0
• $184.5
• $0.0
• $80.5
• $265.0