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 16, a debt-to-equity ratio of 7, and a tax rate of 21 percent. Assume a risk-free rate of 6 percent and a market risk premium of 9 percent. Lauryn's Doll Co, had EBIT last year of $54 million, which is net of a depreciation expense of $5,4 million. In addition, Lauryn's made $6.75 million in capital expenditures and increased net working capital by $2.9 million. Assume the FCF is expected to grow at a rate of 3 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.)