I make prints as part of my living, and one thing nobody has mentioned so far is the print medium, which makes a huge difference. Canvas in particular is probably the most forgiving print medium, where something like coated aluminium would be one of the least forgiving mediums (but looks amazing). A 60ppi print on canvas viewed at the right distance can still look great, but viewing distance is a key consideration. Gallery quality is the benchmark at 300ppi, designed to stand up to close viewing and scrutiny.
It's also not all about megapixels, as megapixels are not created equal. A 12MP image from a crappy 1/2.3" sensor is not going to look anywhere near as good as an image from a 12MP FF DSLR, for example. Lens quality and aperture choice (avoiding diffraction) along with sharpening methods and other processing techniques have an enormous impact on the final print, and can make all the difference if you are already pushing size boundaries.
Specifically talking about the
M2P, you're looking at a maximum print size of about 12" X 18" before quality will start to noticeably go the other way from a ppi standpoint. You can mitigate quality loss or make it less noticeable though processing, using upres software (i.e. Topaz Gigapixel), changing the print medium, mounting it in a way that increases the viewing distance, etc.
You can definitely get a 5-7 foot print out of a
M2P, and it can look really good too depending on the print medium, processing expertise and viewing distance.