Agee Storage issued 29 million shares of its $1 par common stock at $14 per share several years ago. Last year, for the first time, Agee reacquired 1 million shares at $12 per share. Assuming that Agee retires shares it reacquires (restores their status to that of authorized but unissued shares), by what amount will Agees total paid-in capital decline if it now reacquires 1 million shares at $18 per share? (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).)

Total paid in capitol will decline by: ________