A company purchases equipment for $31 million. The company plans to use the equipment for 4 years, then sell the equipment on the secondary market.

Assume that in 4 years, the company:

• Can sell the equipment for $14.5 million
• Has a corporate tax rate of 32%
• Will have depreciated 77% of the equipments value

What is the equipment's after-tax salvage value (in 4 years)?

Enter your answer as a number no decimal places and with no dollar signs or commas.

Enter your answer as a full value (not in millions).