Horton Industries shareholders equity included 250 million shares of $1 par common stock and a balance in paid-in capital - excess of par of $2,250 million. Assuming that Horton retires shares it reacquires (restores their status to that of authorized but unissued shares), by what amount will Hortons total paid-in capital decline if it reacquires 4 million shares at $8.50 per share? (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).)

Total paid in capitol will decline by: ________