Suppose Company C wants to maintain a constant capital structure of 60% equity financing and has the balance sheet pictured below. By undertaking the project, Company C added new assets to the firm with an initial market value of $77.96 million. We found that spending the firm's excess cash to initiate the project was not sufficient to maintain the target leverage ratio. In addition to the initial cash expenditure, how large of a dividend or share repurchase would Company C need to pay out to achieve their target leverage ratio of 40.00% in Period 0? Please answer in millions of dollars (e.g., if the answer is one billion dollars enter 1,000 not 1,000,000,000). (Hint: the market value of assets must equal the market value of liabilities plus shareholder's equity).

Balance Sheet (market value) Before Project Periodo ? Assets Excess cash Existing assets New Project Total assets 50.00 850.00 0.00 900.00 850.00 ? ? 390.00 390.00 Liabilities & Shareholder's equity Debt Equity Total liabilities & SE Leverage ratio 510.00 ? 900.00 ? 40.00% ? Balance Sheet (market value) Before Project Periodo ? Assets Excess cash Existing assets New Project Total assets 50.00 850.00 0.00 900.00 850.00 ? ? 390.00 390.00 Liabilities & Shareholder's equity Debt Equity Total liabilities & SE Leverage ratio 510.00 ? 900.00 ? 40.00%