A company expects to earn $17 million in income this comingyear. Its target capital structure is 30% debt, 15% preferredstock, and 55% common equity financing. The company normally pays adividend equal to 30% of its earnings. At what point will its WACC move from one level to the next, based upon the need to issue new common shares, assuming it adheres to its target capital structure? At what total capital investment level? Show your answer inmillions of dollars with one decimal point ($34,000,000 you wouldrecord as 34.0)