Marcus Corporation is currently all equity financed and has a value of $$95$ million. Investors currently require a return of $18\mathrm{.}8$ percent on common stock Marcus has a marginal tax rate of $30$ percent. Marcus plans to issue $$50$ million of debt with a return of $6\mathrm{.}1$ percent and use the proceeds to repurchase common stock.

What will be the value of the firm after the debt issue? Please state your answer in millions founded to two decimal places.

Enter your response below.

miltion