1. Ludwig Company had the following financial highlights for the year ended September 30, 20X2: net income of $20 million; current assets of $60 million; property, plant & equipment of $75 million; goodwill of $20 million; current liabilities of $50 million; long4erm debt of $40 million; and deferred tax liabilities of $15 million. The company's equity capital (shareholders'equity) on September 30, 20x2 is IS