HTW Inc. is a retail company that reported an operating loss of $75$ million in the most recent twelve months, but this loss was after an operating lease payment of $275$ million during the period. There are three more years left on the lease, with the following payments coming due each year:

Year Lease commitments $($millions$)$

$1300$

$2200$

$3100$

You believe that the contractual commitment should be treated as debt, and that the pretax cost of debt for HTW Inc. is $4\%.$ If you capitalize these commitments, estimate the corrected operating income or loss for the most recent twelve months.