Makonis

Sir! .. :) i am back with another question part (a) - i my workings were correct ...so all good part (b) - i calculated the 30% and the 50% premiums - all good part (c) - and here i got stuck and i am thinking the following: the additional value created (equity) = 503m so, i am saying to myself....Makonis has to pay 30% of 480 PLUS 480 so thats 480+144=624m so the project is really not worth it. i mean.. if i am buying something, i just dont pay the profit, i pay the cost+profit so why is Mak only paying 144m?? pls explain this to me.... thank u!!