Antiope Constructions Ltd (ACL) builds large-scale government infrastructure projects. ACL recognises revenue by applying the percentage of completion method.

A current project commenced in 2018 and is expected to be completed in 2024. The contract price is $50 million and ACL expects the projects total cost to be $26 million.

Calculate, to the nearest dollar, the revenue ACL would recognise for the year ended 30 June 2020 if the costs incurred in the period were $8 million.