Companies U and L are identical in every respect except that U is unlevered while L has $10 million of 5.7% bonds outstanding. Assume that (1) all of the MM assumptions are met, (2) both companies are subject to a 31% federal-plus-state corporate tax, (3) EBIT is $1.6 million, and (4) the cost of equity to Company U is 13%. What is the value, in millions, of Company L under the MM model?