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Funck's Frisbees Inc. purchased equipment 4 years ago at a cost of $23 million. The company has depreciated the equipment according to the MACS schedule:

Funck's Frisbees Inc. purchased equipment 4 years ago at a cost of $23 million. The company has depreciated the equipment according to the MACS schedule:

Year 1 - Depreciation Rate 20%

Year 2 - Depreciation Rate 32%

Year 3 - Depreciation Rate 19%

Year 4 - Depreciation Rate 20%

What is the equipment's remaining book value? Enter your answer as a whole dollar (no decimal). Do not enter commas or the dollar sign. Enter the full numeric value ... do not enter the value in millions.

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