Suppose we are in a world with NO corporate tax. Patient Pop is an all-equity firm that has 280,000 shares of stock outstanding The company is in the process of borrowing $ 2.4 million at 5 5% interest to repurchase 75,000 shares of the outstanding stock. What is the value of this firm in MILLION dollars if you ignore taxes? (Format and round to MILLION dollars with two decimals, for example, if your answer is $1.250,000, eater as 1.25 without 'M' or sign)