A firm's cost of capital is $10\%.$ The firm's book equity is $$120$ million, and its $10$ million

shares $($common$-$only$)$ are selling at $$20/$share$.$ Net income was $$19\mathrm{.}75$ million this

year, with a tax rate of $50\%$ and $$500,000$ paid in interest. Total assets equal $$240$

million on the books. Current liabilities are $$50$ million on the books.

Calculate the economic value$-$added for the firm. Leave out the $ in your answer $($ $$x$

million would be answered as X$000000)$