Commonwealth Construction $($CC$)$ needs $\backslash (\backslash$$ $3\backslash )$ million of assets to get started, and it expects to have a basic earning power ratio of $\backslash (35\backslash \%\backslash ).$ CC will own no securities$,$ to use debt, the firm will finance using only debt and common equity, so no preferred stock will be used. Assuming a $\backslash (40\backslash \%\backslash )$ tax rate on all taxable income, what is stock? Round your answer to two decimal places.