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 1.5, a debt-to-equlty ratio of .5, and a tax rate of 21 percent. Assume a risk-free rate of 5 percent and a market risk premium of 8 percent. Lauryn's Doll Co. had EBIT last year of $47million, which is net of a depreciation expense of $4.7million. In addition, Lauryn's made $7.25 million in capital expenditures and increased net working capital by $2.8 million. Assume the FCF is expected to grow at a rate of 4 percent into perpetulty. What is the value of the firm? (Do not round intermediate calculations. Enter your answer in militions rounded to 2 decimal places.)