Black-Schole model can be used to value capital budgeting decisions. A firm is considering to invest in a project. Currently firm has the following information: . Market value of firm's assets is 25 $Million;

face value of firm's zero coupon debt is 10 $Million;

standard deviation of firm's asset return is 40% . The maturity of firm's zero coupon debt is 4 years. Risk free rate is 5% .

If the firm takes this project, it will increase its market value of asset by 5 $Million; In addition, the standard devision will be changed to 32% per year. Use Black-schole model to find out the market value of equity after the firm takes this project ___ million