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New World Inc. plans to fully acquire Old World Inc. New World's current share price is $43, it has 9 million shares outstanding, and it

New World Inc. plans to fully acquire Old World Inc. New World's current share price is $43, it has 9 million shares outstanding, and it has outstanding debt of $96 million. Old World's current share price is $30, it has 5 million shares outstanding, and it has debt outstanding of $50 million. The value of synergies from this acquisition is projected to be $50 million. Neither firm has any excess cash. New World will assume all existing debt of Old World as part of the acquisition. Calculate the enterprise value of New World after the acquistion open parentheses V subscript N e w plus O l d end subscript close parentheses. Express your result in $-millions and round to two decimals (do not include the $-symbol in your answer).

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