Schwarzentraub Corporation's expected free cash flow for the year is $500,000; in the future, free cash flow is expected to grow at a rate of 5%. The company currently has no debt, and its cost of equity is 10%. Its tax rate is 25%. Suppose the firm issues $7 million debt at a rate of 8%. Use the compressed adjusted value approach to answer the following questions. Do not round intermediate calculations. Find VU. Enter your answer in millions. For example, an answer of $10,550,000 should be entered as 10.55. Round your answer to two decimal places.