LongGone Corp, had total operating expenses of $84 million last year, including depreciation, and paid $5.2 million in interest. The company also paid out $69 million in dividends, while the addition to retained earnings increased equity by 30%. The average tax rate was 34% and the average interest rate on the company's debt was 5.1%. The payout ratio was 60%. Part 2 A Attempt 1/5 for 10 pts What was equity at the end of the year, before the addition of retained earnings (in $ million)