Suppose the public wishes to hold $0.20 in pocket money and $0.25 in time deposits. For each dollar of deposits created, $0.04 finds its way outside the domestic banking system. Depository institutions plan to keep $0.10 in excess reserves for each dollar of transaction money received. Reserve requirements on transaction deposits and time and savings deposits are 8 percent and 4 percent, respectively. Suppose $3.75 million in new excess reserves appear in the banking system. What is the effect on the money supply? Express your answers in millions of dollars. Round your answers to the nearest 100th decimal points.