Sunshine Ltd (Sunshine) is uses EVA to determine if shareholder value is created. The Income Statement for (Sunshine) is provided below:

Income Statement for the year-ended 30 June 2022 for Sunshine Ltd
	2021	2022
	($ Millions)	($ Millions)
Net profit after income tax (NPAT)	160	416
Includes the following expenses:
Interest expense	80	80
Depreciation	50	40
Research and development (R&D)	140	140

The following additional information is provided:

No R&D expense was incurred in 2019 and 2020

The benefits from R&D are generally consumed over 4 years.

Corporate tax rate is 20%

Required:

a. Calculate the financing effect of interest to be eliminated from NPAT for 2022. (1 mark)

$$________Millions (Please round your answer to the nearest whole number)

b. Calculate the total research and development amortisation expense for 2022.(1 mark)

$$_________Millions(Please round your answer to the nearest whole number)

c. Calculate the total research and development to be capitalised for 2022. (1 mark)

$$________Millions (Please round your answer to the nearest whole number)