At the beginning of 2014, Metatec Inc. acquired Ellison Technology Corporation for $610 million. In addition to cash, receivables, and inventory, the following assets and their fair values were also acquired: Plant and equipment (depreciable assets) Patent Goodwill $151 million 41 million 110 million The plant and equipment are depreciated over a 10-year useful life on a straight-line basis. There is no estimated residual value. The patent is estimated to have a 5-year useful life, no residual value, and is amortized using the straight-line method At the end of 2016, a change in business climate indicated to management that the assets of Ellison might be impaired. The following amounts have been determined Plant and equipment: Patent Goodwill Undiscounted sum of future cash flows Fair value $ 81 million 61 million Undiscounted sum of future cash flows Fair value $ 20 million 13 million $461 million Fair value of Ellison Technology Fair value of Ellison's net assets (excluding goodwill)400 million Book value of Ellison's net assets (including goodwill) 480 million After first recording any impaiment losses on plant and equipment and the patent Required: 1. Compute the book value of the plant and equipment and patent at the end of 2016. (Enter your answers in millions.)