Right now Blue and White Taxis is an all equity financed corporation worth $59$ million dollars. The company's CFO wants to change the company's capital structure so the company is $34\%$ debt financed. Assuming there is no tax shield of debt, how much will Blue and White Taxis' equity be worth after implementing this new capital structure?

$($Enter your answer in millions. i$.$e$.5\mathrm{.}5$ million, not $5,500,000)$