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KRJ International is currently valued at $ 7 0 0 million. It is undertaking a capital restructuring activity that is expected to reduce its WACC

KRJ International is currently valued at $700 million. It is undertaking a capital restructuring activity that is expected to reduce its WACC from 9.37% to 8.99%. It expects its free cash flows to grow at an annual rate of 4% indefinitely into the future. By how much (in $ millions, rounded to one decimal place, e.g.,2.3) should the value of the firm increase if it undertakes the capital restructuring?

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