A

On September 17, 2021, Ziltech, Inc., entered into an agreement to sell one of its divisions that qualifies as a component of the entity according to generally accepted accounting principles. By December 31, 2021, the company's fiscal year-end, the division had not yet been sold, but was considered held for sale. The net fair value (fair value minus costs to sell) o the division's assets at the end of the year was $18 million. The pretax income from operations of the division during 2021 was $3 million. Pretax income from continuing operations for the year totaled $21 million. The income tax rate is 25%. Ziltech reported net income for the year of $8.1 million. Required: Determine the book value of the division's assets on December 31, 2021. (Enter your answer in whole dollars not in millions.)