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Consider the following company, Book Value of Debt $51 million YTM 6% Coupon 10% Coupon Payments semi-annually Years 20 Corporate Tax Rate 33% # of

Consider the following company, Book Value of Debt $51 million YTM 6% Coupon 10% Coupon Payments semi-annually Years 20 Corporate Tax Rate 33% # of Preferred Shares 1.5 million Price of Preferred Share $22 Dividend per Preferred Shares $1.21 # of Common Shares 9.5 million Price of Common Share $15 of Common Stock 1.5 Risk-Free Rate 5% Market Return 11% Using the correct answers from the previous questions, what is the total market value of the company? Enter your answer in terms of millions and rounded to 2 DECIMAL PLACES.

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