JenBritt Incorporated had a free cash flow (FCF) of $80 million in 2021. The firm projects FCF of $260 million in 2022 and $560 million in 2023. FCF is expected to grow at a constant rate of 5% in 2024 and thereafter. The weighted average cost of capital is 10%. What is the current (i.e., beginning of 2022) 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.