Consider the table given below to answer the following question.

Assuming that competition drives down profitability $($on existing assets as well as new investment$)$ to $\backslash (11\mathrm{.}5\backslash \%\backslash )$ in year $\backslash (6,11\backslash \%\backslash )$ in year $7,\backslash (10\mathrm{.}5\backslash \%\backslash )$ in year $8,$ and $\backslash (8\backslash \%\backslash )$ in year $9$ and all later years. What is the value of the concatenator business? Assume $10\backslash \%$ cost of capital.

Note: Do not round intermediate calculations. Enter your answer in millions rounded to $2$ decimal places.