cap$$tulo $18-$share repurchases $($i$)$

Agee Storage issued $26$ million shares of its $$1$ par common stock at $$11$ per share several years ago. Last year, for the first time, Agee retired $1$ million shares at $$9$ per share.

If Agee now retires $1$ million shares at $$16$ per share, by what amount will Agee's total paid$-$in capital decline?

Note: Enter your answer in millions $($i$.$e$.,10,000,000$ should be entered as $10).$

Total paid$-$in capital will decline by

million