You are going to value Lauryn's Doll Co. using the FCF model. After consulting various sources. you find that Louryn's has a reported equity beta of 1.5, a debt-to-equity ratio of 7 , and a tax rate of 21 percent. Assume a risk-free rate of 5 percent and a market risk premium of 10 percent. Lauryn's Doll Co. had EBIT last year of $49million, which is net of a depreciation expense of $4.9mili. In addition, Lauryn's made $4.5 milion in capital expenditures and increased net working capital by $22 million. Assume the FCF is expected to grow at a rate of 2 percent into perpetuity. What is the value of the firm? (Do not round intermediate calculations, Enter. your answer in millons rounded to 2 decimal places.)