LAL Corporation currently generates revenues of $1 million per year. Next year, revenues will either increase by 8.8% (economic boom) ordecrease by 9.6% (economic bust), with equal probability, and then this level is expected to remain constant. Other costs run $880,000 per year. There are no costs to shutting down; in that case you can sell the company for $510,000. The cost of capital is 9.6%. What is the business worth today? Your answer should be in millions and accurate to two decimal places (e.g., $10,503,000 should be entered as 10.50).