Step 1: Use relation between electric and magnetic fields.
For an electromagnetic wave in free space:
\[
E = cB
\]
where \(c = 3 \times 10^8\,\text{m/s}\).
Step 2: Substitute given values.
\[
B = 2 \times 10^{-8}\,\text{T}
\]
\[
E = 3 \times 10^8 \times 2 \times 10^{-8}
\]
Step 3: Simplify the expression.
\[
E = 6 \times 10^0
\]
\[
E = 6\,\text{V m}^{-1}
\]
Step 4: Note about frequency.
The frequency \(40\,\text{MHz}\) is not required here since the relation \(E = cB\) holds for all EM waves in free space.
Step 5: Final answer.
\[
\boxed{6\,\text{V m}^{-1}}
\]