Pear Corporation is considering an investment in a new project with an unlevered cost of capital of 10%. Pears corporate tax rate is 50%, and its debt cost of capital is 4%. Pear adjusts its debt continuously to maintain a constant debt-equity ratio of 50%. Suppose the new project has free cash flows of $10 million in year 1, which are expected to increase by 2% per year afterwards forever. Using the WACC method, what is the enterprise value of the new project for Pear? (Your answer should be in millions and rounded to 1 decimal place)