Dynamic Resources reported the following information for year ending June $30,2016($values in millions$)$:

Plant, Property & Equipment, gross $$3,000$

Accumulated Depreciation $1,400$

Plant, Property & Equipment, net $1,600$

Salvage Value $200$

The company also reported the following transactions on the first day of fiscal $2017$:

Sale of asset with gross PP&E of $$600$ million for $$500$ million and useful life of $3$ years and no salvage value. Recorded a gain on sale of $$300$ million.

Write off of asset with gross PP&E of $$400$ million. Asset was purchased $3$ years ago with original useful life of $4$ years and salvage value of $$200$ million.

Purchase of new equipment for $$1,400$ million with useful life of $8$ years and no salvage value.

Assuming the useful life of the remaining equipment prior to new purchases is $10$ years on a straight$-$line basis, what is the net PP&E as of June $30,2017?$explain each step and how you got to the answer. a$)2260$ million b$)2175$ million c$)2300$ million or d$)2435$ million