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Brief Exercise 18-6 (Algo) Retirement of shares (L018-5) Agee Storage issued 43 million shares of its $1 par common stock at $18 per share several

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Brief Exercise 18-6 (Algo) Retirement of shares (L018-5) Agee Storage issued 43 million shares of its $1 par common stock at $18 per share several years ago. Last year, for the first time, Agee reacquired 1 million shares at $16 per share. Assuming that Agee retires shares it reacquires (restores their status to that of authorized but unissued shares), by what amount will Agee's total paid-in capital decline if it now reacquires 1 million shares at $22 per share? (Enter your answer in millions (e. 10,000,000 should be entered as 10).) Total paid in capital will decline by million

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