You are a risk manager for Flagstar Savings and Loan (FSL). FSL's balance sheet is as follows (in millions of dollars). The duration of the auto loans is 3 years and the duration of the mortgages is 10.40 years. Both cash reserves and checking and savings have zero duration. The CDs have a duration of 2 years and the long-term financing has a 10-year duration. What is the duration of FSL's equity?

Assets			Liabilities
Cash Reserves	100		Checking & Savings	200
Auto Loans	200		Certificates of Deposit	150
Mortgages	400		Long-Term Financing	250
Total Assets	700		Total Liabilities	600
			Owner's Equity	100
			Total Liabilities and Equity	700