You forecast the future cash flow of Jaffe Ltd, a young growing company. You expect fast growth through the first four years, at which time the company will mature and you expect it to grow by 2% per year forever more after. The following are the forecast cash flows: Year 1: $5 million Year 2:$10 million Year 3: $15 million Year 4:$20 million Year 5: $20.4 million Year 6: $20.808 million Year 7 onward: continued growth at 2% per year The discount rate is 8%. What is the value of Jaffe today at Year O? (Do not round intermediate calculations. Report your result in millions of dollars. Round the final answers to 2 decimal places. Omit $ sign and the word "million" in your response. For example, if your answer is $1,234,567 just write 1.23.)