Top Notch is acquiring Valmet in a non-taxable stock swap merger. In this deal Top

Notch is paying with stock worth $80 million. Valmet's balance sheet immediately prior to the acquisition is indicated below. Assume that Valmet's fair value of PP&E is 15% higher than its current book value, and the fair value of its intangible assets is 10% higher due to the unrecognized value of brand names and patents; and that the fair market value of all other assets and liabilities are as reported

Valmet's Balance Sheet ($ Millions)
Cash and Cash Eq.	5
Accounts Receivables	20
Inventory	5
Other Current Assets	0
Total Current Assets	30
Net Plant Property and Equipment	38
Intangibles Assets	45
Other Long-Term Assets	7
Total Assets	120
Accounts Payable	23
Accrued Expenses	0
Total Debt	22
Other Liabilities	30
Total liabilities	75
Common equity	45
Liabilities + Equity	120

What is the amount of deferred tax liabilities (DTL) associated with this transaction? Assume a tax rate of 35% when calculating DTL. Give your answer in Million and up to 2 places of decimal and without the $ sign