In its financial statements KRJ International reported net income of $10 million and an effective taxIn its 2019 financial statements Driver Enterprises reported total debt of $155 million and total assets of $551 million. In a footnote, Driver reported 7 years of future lease obligations averaging $25 million per year. The firm faces a cost of debt of 7%. Calculate the debt ratio for the company after incorporating the valuation of the lease obligations. Present your answer in percentage terms, rounded to one decimal places, e.g., 23.4%. rate of 28%. Total assets at the beginning of the year were reported as $287 million and at the end of the year $369 million. The company reported LIFO reserve at the beginning of the year of $58 million and at the end of the year $69 million. 

Recalculate the company's net income (in $ millions) after including the adjustment for LIFO, rounded to one decimal place, e.g., $12.3