Problem $01-07($Algo$)[$LO $1-3]$

This year, Lexon Company built a light industrial facility in County G$.$ The assessed property tax value of the facility is $$32\mathrm{.}0$ million. To convince Lexon to locate within its jurisdiction, the county abated its $4$ percent property tax for the year. Because of the local economic boom created by the new facility, the aggregate assessed value of County G$\text{'}$s property tax base $($including the Lexon facility$)$ increased by $$39\mathrm{.}2$ million.

Required: