KMS corporation has assets of $750 million, $150 million of which are cash. It has debt of $187.5 million. Suppose that KMS decides to initiate a dividend, but it wants the present value of payout to be $37.5 million. If its cost of equity capital is 17.4%, to what amount per year in perpetuity should it commit (assuming perfect capital market)? KMS should commit to million per year. (Round to two decimal places.)