You recently received a patent related to a medical device that is used to test for the presence of airborne viruses. A health care private equity firm is interested in the technology and has offered to purchase the patent and all rights to the technology for $180 million, payable in 30 monthly payments of $6million starting exactly one month from today. If the interest rate implicit in the agreement is 5% APR, compounded monthly, what is the present value of the payments you will receive?

(Give your answers in Millions with two decimals, e.g. $180 Million would be 180.00)