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Governess Geological had a fairly stable, yet satisfactory 2 0 2 2 . During the year, they had revenues of $ 2 2 4 million

Governess Geological had a fairly stable, yet satisfactory 2022. During the year, they had revenues of $224 million with operating costs of only $195 million. Given that management holds the view that this success will continue in the future, they decided to repurchases some shares during the year. This decision to repurchase shares was also driven by the firm's lack of debt (and, therefore, lack of interest payments now and in the future) and the fact that they do not pay dividends.
Given the stability of their operations, the firm's net fixed assets decreased by the same amount as their depreciation expense. Their current assets increased by $244,000, while their current liabilities did not change.
If the firm's tax rate was 21 percent and their depreciation expense was 7 percent of revenues, how much did Governess spend repurchasing shares? (Hint: this will be the magnitude of the decrease in Contributed Equity)
Enter your answer in millions of dollars, rounded to the nearest $0.001 million. So, for $12,345,678, enter 12.346)

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