Declining FCF Growth Valuation

Brushy Mountain Mining Company's coal reserves are being depleted, so its sales are falling. Also, environmental costs increase each year, so its

costs are rising. As a result, the company's free cash flows are declining at the constant rate of $8\%$ per year. If its current free cash flow $($FCFo$)$ is

$$3$ million and its weighted average cost of capital $($WACC$)$ is $16\%,$ what is the estimated value of Brushy Mountain's value of operations? Do not

round intermediate calculations. Enter your answer in millions. For example, an answer of $$1$ million should be entered as $1,$ not $1,000,000.$

Round your answer to two decimal places.

$$,$ million