Problem 6-6 Free Cash Flow Model (LO3, CFA7) You are going to value Lauryn's Doll Co, using the FCF model. After consulting various sources, you find that Lauryn's has a reported equity beta of 16, a debt-to-equity ratio of 4, and a tax rate of 21 percent. Assume a risk-free rate of 5 percent and a market risk premium of 12 percent Lauryn's Doll Co. had EBIT last year of $51 million, which is net of a depreciation expense of $5.1 million in addition, Lauryn's made $7.5 million in capital expenditures and increased net working capital by $4.5 million. Assume the FCF is expected to grow at a rate of 4 percent into perpetuity. What is the value of the firm? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Firm value million