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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:

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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 couthon 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) (Please DO NOT round your intermediate steps, and format and round your FINAL answer to \$ Millions with ONE decimal place: for example, 12.3 only)

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