Need help with this finance question

17 What is the net value of common equity for a firm with 3.9 million shares issued, 1 million shares outstanding $4.9 million of retained earnings, $2.9 million of treasury stock at cost, $1 million in additional paid-in capital, and a $1 par value per share? (Round your answer to 1 decimal place.) $9.8 million O $12.7 million $4.9 million $6.9 million