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At the end of fiscal year 2014, Emerson Electric Co. (EMR) had net property, plant, and equipment equal to $3.5 billion. The ending balance for

At the end of fiscal year 2014, Emerson Electric Co. (EMR) had net property, plant, and equipment equal to $3.5 billion. The ending balance for 2013 was $3.507 billion, and the firm had depreciation expense during 2014 equal to $0.727 billion. How much did the company spend on new property, pland, and equipment during 2014?

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