Blue Moon issued shares worth $12$ million in connection with a transaction that qualifies under Sec. $351.$ Blue Moon Co$.$ receives property with an adjusted basis of $5$ million in the hands of the transferor. The transferor recognized a gain of $6$ million on the exchange because boot was involved. Blue Moon recognized no gain or loss on the exchange.

What is Blue Moon's basis in the property received?

Provide an answer in millions to two decimal places $($e$.$g$.,$ $$20$ million $=20\mathrm{.}00).$