A company intends to sell one of its business units, Company R by a management buyout (MBO).

A selling price of $100 million has been agreed.

The managers are discussing with a bank and a venture capital company (VCC) the following financing proposal:

The VCC requires a minimum return on its equity investment in the MBO of 30% a year on a compound basis over 5 years.

What is the minimum TOTAL equity value of Company R in 5 years time in order to meet the VCC's required return?

Give your answer to one decimal place.

$  ? million