Here are simplified financial statements of Phone Corporation from a recent year: INCOME STATEMENT (Figures in millions of dollars) Net sales 14,100 Cost of goods sold 4,560 Other expenses 4,217 Depreciation 2,818 Earnings before interest and taxes (EBIT) 2,505 Interest expense 735 Income before tax 1,770 Taxes (at 30%) 531 Net income 1,239 Dividends 976 BALANCE SHEET (Figures in millions of dollars) End of Year Start of Year Assets Cash and marketable securities 99 168 Receivables 2,882 2,690 Inventories 237 288 Other current assets 917 982 Total current assets 4,135 4,128 Net property, plant, and equipment 20,073 20,015 Other long-term assets 4,316 3,870 Total assets 28,524 28,013 Liabilities and shareholders equity Payables 2,664 3,140 Short-term debt 1,469 1,623 Other current liabilities 861 837 Total current liabilities 4,994 5,600 Long-term debt and leases 4,528 5,043 Other long-term liabilities 6,278 6,249 Shareholders equity 12,724 11,121 Total liabilities and shareholders equity 28,524 28,013 Phone Corp.s cost of capital was 9.3%. What was Phone Corp.s economic value added? (Enter your answer in millions rounded to 2 decimal places.)