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You are going to value Lauryn’s Doll Co. using the FCF model.After consulting various sources, you find that Lauryn's has areported equity beta of 1.5, a debt-to-equity ratio of 0.3, and atax rate of 40 percent. Assume a risk-free rate of 4 percent and amarket risk premium of 12 percent. Lauryn’s Doll Co. had EBIT lastyear of $45 million, which is net of a depreciation expense of $4.5million. In addition, Lauryn's made $4.25 million in capitalexpenditures and increased net working capital by $4.1 million.Assume the FCF is expected to grow at a rate of 2 percent intoperpetuity. What is the value of the firm? (Do not roundintermediate calculations. Enter your answer in millions rounded to2 decimal places.)Firm value= million