KRJ Enterprises $($KRJ$)$ is a zero$-$growth company so its after$-$tax operating earnings will equal its free cash flow. It currently has zero debt, and its operating earnings $($in $ millions$)$ are $$60.$ Its current cost of equity is $13\%,$ and its tax rate is $29\%.$ The firm has $100$ million shares of common stock outstanding selling at a price of $$39$ per share. KRJ is considering changing its capital structure to one with $34\%$ debt and the remainder equity, based on their relative market values. The new debt would cost $6\%.$ The funds raised would be used to repurchase shares of its own common stock. It is estimated that the increase in risk resulting from the added leverage would cause the required rate of return on equity to rise to $14\%.$ If this plan were carried out, what would be KRJ$\text{'}$s new value of operations, as estimated by the present value of all future free cash flows? Please present your answer in millions, rounded to one decimal place $($e$.$g$.,123\mathrm{.}4).$