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 1.6, a debt-to-equity ratio of 3 , and a tax rate of 21 percent. Assume a risk-free rate of 5 percent and a market risk premium of 11 percent. Lauryn's Doll Co. had EBIT last year of $50 million, which is net of a depreciation expense of $5 million. In addition, Lauryn's made $6.5 million in capital expenditures and increased net working capital by $3.4 million. Assume the FCF is expected to grow at a rate of 3 percent into perpetuity. Wha IIs the value of the firm? (Do not round intermediate caiculations. Enter your answer in millions rounded to 2 decimal places.)