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of Marlin Furniture Inc. had 12.000 million shares of common stock authorized in 2010. It issued 8.000 million shares with par value of $1.50 per

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of Marlin Furniture Inc. had 12.000 million shares of common stock authorized in 2010. It issued 8.000 million shares with par value of $1.50 per share. It raised capital of $20,000 million at the initial issue. Retained earnings in 2020 were $545 million. During 2020, treasury shares were purchased at a price of $1.1 per share. At the end of 2020, 7,750 million shares were outstanding. Find the Net Common Equity. (Show all workings and calculations in your answer, all numbers are in millions in the question.)

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