This question uses the same TGX Global data as the previous question, repeated below:

TGX Global sells excavators, with an average sale price of $$750,000$ per excavator.

TGX received new orders for $100$ excavators in $2018.$

TGX produced & delivered $130$ excavators in $2018$: $70$ of these delivered excavators were ordered in $2017$ and the rest $(60$ excavators$)$ were part of the $100$ ordered in $2018.$

TGX received payment for $120$ excavators.

TGX began selling $1-$year maintenance services contracts for $$60,000$ per excavator in $2018,$ which begin after the excavator is delivered. Contracts were sold on $50\%$ of all excavator orders made in $2018($no contracts were sold on orders placed in $2017).$

Assume now that instead of the revenue recognized in the previous question, TGX recognized $$75$ million in revenue for $100$ excavators $($and assume no maintenance contract revenue was recognized$).$ In addition, the following occurred in $2018$:

TGX recognized $$3$ million in shipping and delivery costs for the materials it uses to produce excavators.

TGX recognized $$7$ million in direct labor expenses.

TGX recognized $$3$ million in commissions paid to its salespeople for selling the excavators.

TGX purchased $$60$ million in raw materials in $2018,$ of which $$50$ million was in cash.

Raw materials required to assemble each excavator cost $$500,000$ per excavator.

Calculate TGX$$s $2018$ gross profit based on the transactions described above