See the financial statements for Mydeco in 2015-2019. How much did its net PPE increase in 2017 (from 2016)?

a) $100M

b) $65.7M

c) $34.3M

d) $25M

2019 604.1 (293.4) 310.7 (120.8) (78.5) (38.6) 72.8 (39.4) 33.4 (11.7) 21.7 55 $0.39 2019 (3.4) 2015-2019 Financial Statement Data and Stock Price Data for Mydeco Corp. (All data as of fiscal year end; in $ millions) Income Statement 2015 2016 2017 2018 Revenue 404.3 363.8 424.6 510.7 Cost of Goods Sold (188.3) (173.8) (206.2) (246.8) Gross Profit 216.0 190.0 218.4 263.9 Sales and Marketing (66.7) (66.4) (82.8) (102.1) Administration (60.6) (59.1) (59.4) (66.4) Depreciation & Amortization (27.3) (27.0) (34.3) (38.4) EBIT 61.4 37.5 41.9 57.0 Interest Income (Expense) (33.7) (32.9) (32.2) (37.4) Pretax Income 27.7 4.6 9.7 19.6 Income Tax (9.7) (1.6) (6.9) Net Income 18.0 3.0 6.3 12.7 Shares Outstanding (millions) 55 55 55 55 Earnings per Share $0.33 $0.05 $0.11 $0.23 Balance Sheet 2015 2016 2017 2018 Assets Cash 48.8 68.9 86.3 77.5 Accounts Receivable 88.6 69.8 69.8 76.9 Inventory 33.7 30.9 28.4 31.7 Total Current Assets 171.1 169.6 184.5 186.1 Net Property, Plant & Equipment 245.3 243.3 309.0 345.6 Goodwill & Intangibles 361.7 361.7 361.7 Total Assets 778.1 774.6 855.2 893.4 Liabilities & Stockholders' Equity Accounts Payable 17.9 22.0 26.8 Accrued Compensation 6.7 6.4 7 8.1 Total Current Liabilities 25.4 24.3 29.0 34.9 Long-Term Debt 500.0 500.0 575.0 600.0 Total Liabilities 525.4 524.3 604.0 634.9 Stockholders' Equity 252.7 250.3 251.2 258.5 Total Liabilities & Stockholders' Equity 778.1 774.6 855.2 893.4 Statement of Cash Flows 2015 2016 2017 2018 Net Income 18.0 3.0 6.3 12.7 Depreciation & Amortization 27.3 27.0 34.3 38.4 Change in Accounts Receivable 3.9 18.8 0.0 (7.1) Change in Inventory (2.9) 2.8 2.5 (3.3) Change in Pay. & Accrued Comp. 2.2 (1.1) 4.7 5.9 Cash from Operations 48.5 50.5 47.8 46.6 Capital Expenditures (25.0) (25.0) (100.0) (75.0) Cash from Investing Activ. (25.0) (25.0) (100.0) (75.0) Dividends Paid (5.4) (5.4) (5.4) (5.4) Sale (or Purchase) of Stock Debt Issuance (Pay Down) 75.0 25.0 Cash from Financing Activ. (5.4) (5.4) 69.6 19.6 Change in Cash 18.1 20.1 17.4 (8.8) Mydeco Stock Price $7.92 $3.30 $5.25 $8.71 85.0 86.1 35.3 206.4 347.0 361.7 915.1 361.7 18.7 31.7 9.7 41.4 600.0 641.4 273.7 915.1 2019 21.7 38.6 (9.2) (3.6) 6.5 54.0 (40.0) (40.0) (6.5) (6.5) 7.5 $10.89