How to extract the email address from column having Contact Type

Here in the "PM Name" column, I have a value which is of Contact type. I tried copying the value over to the next column, then i get the Email address Prefixed by my name(Manasa M S<manasa@gmail.com>).In the next column I want to extract only the email address(eg: manasa@gmail.com). please share if you have formula for this problem.

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