Wesfolk and Eastern (the Company) is a major transportation company. This is an excerpt (adapted by the authors) from Note 6 to the Companys Year 8 annual report.

Long-Term Debt The Companys noncancelable long-term leases generally include options to purchase at fair value and to extend the terms. Finance leases have been discounted at rates ranging from 3.09% to 14.26% and are collateralized by assets with a net book value of $266 million at December 31 of Year 8. Minimum commitments, exclusive of nonlease costs borne by the Company are:

$ millions	Finance Leases
Year 9	$74
Year 10	61
Year 11	48
Year 12	46
Year 13	42
Year 14 through Year 28	155
Total	$426
Imputed interest on nance lease at an average rate of 8.4%	(112)
Lease liability included in debt	$314

Required

Provided that lease payments occur evenly throughout the year, estimate the decline in the nance lease liability in Year 8. Note: Do not use negative signs with your answer. Note: Round your answers to two decimal places.

Decline in finance lease liability in Year 8 assuming payments occur at the end of the year: $Answer million. Decline in finance lease liability in Year 8 assuming payments occur at the beginning of the year: $Answer million. Decline in finance lease liability in Year 8 assuming payments occur evenly throughout the year using the average of payments above: $Answer million.