Your firm is concerned about a financial obligation of $11 million coming due in 7 years. If your firm could earn 6.5% APR on an investment, how much would your firm have to invest today to fund (finance) the future $11 million obligation? (In other words, what is the PV of $11 M due 7 years from now if the interest rate is 6.5%?) Assume annual compounding. Answer in units of millions of dollars and to 2 decimal points. (eg. $11.12 ).