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Use the information for the question(s) below. Suppose that Rose Industries is considering the acquisition of another firm in its industry for $100 million. The

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Use the information for the question(s) below. Suppose that Rose Industries is considering the acquisition of another firm in its industry for $100 million. The acquisition is expected to increase Rose's free cash flow by $6 million the first year, and this contribution is expected to grow at a rate of 3% every year thereafter. Rose currently maintains a debt to equity ratio of 1 , its corporate tax rate is 28%, its cost of debt rD is 6%, and its cost of equity rE is 10%. Rose Industries will maintain a constant debt-equity ratio for the acquisition. The Free Cash Flow-to-Equity (FCFE) for the acquisition in year 1 is closest to ( $ Million) (2 decimal places)

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