Dan dies. (His wife Hannah died 3 years earlier). Dan's gross estate is valued at $28 million. His funeral and administrative costs total $40,000. Dan owes a total of $600,000 on a mortgage and other debts. Assuming the Federal Estate Tax Exemption is $12,000,000 and the estate tax rate is 40%, how much is Dan's estate tax liability? $15,360,000.00$6,144,000.00 None. $0.00. $12,000,000.00