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Problem $9-56($LO $9-2)($Static$)$

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Renee operates a proprietorship selling collectibles over the Web, and last year she purchased a building for $$24$ million for her business. This year, Renee's proprietorship reported revenue of $$95\mathrm{.}5$ million and incurred total expenses of $$88\mathrm{.}6$ million. Her expenses included cost of goods sold of $$48\mathrm{.}5$ million, sales commissions paid of $$16\mathrm{.}9$ million, $$10\mathrm{.}5$ million of interest paid on the building mortgage, and $$12\mathrm{.}7$ million of depreciation.

Problem $9-56$ Part$-$a $($Static$)$

a$.$ What is Renee's adjusted taxable income for purposes of calculating the limitation on business interest expense?

Note: Do not round intermediate calculations. Enter your answer in millions of dollars rounded to $1$ decimal place.