You are going to value Lauryn's Doll Co$.$ using the FCF model. After consulting various sources, you find that Lauryn's has a reported equity beta of $1\mathrm{.}5,$ a debt$-$to$-$equity ratio of $3,$ and a tax rate of $21$ percent. Assume a risk$-$free rate of $4$ percent and a market risk premium of $12$ percent. Lauryn's Doll Co$.$ had EBIT last year of $$45$ million, which is net of depreciation expense of $$4\mathrm{.}5$ million. In addition; Lauryn"s made $$4\mathrm{.}25$ million in capital expenditures and increased net working capitall by $$4\mathrm{.}1$ million. Assume the FCF is expected to grow at a rate of $2$ percent into perpetuity. What is the value of the firm? $($Do not round intermediate calculations. Enter your answer in millions rounded to $2$ decimal places.$)$

Firm value