Dogpatch Airlines purchased a baggage loading machine five years ago for $53 million. The equipment had a useful life of eight years and it still works just fine, but they are considering replacing it with some newer equipment that will be more efficient and save some money. The book value of the old equipment is only $11.5 million, but they think they can sell it for $21.3 million. Given their tax rate of 40%, what would be the appropriate after-tax salvage value to use in their capital budgeting analysis? Show your answer to the nearest dollar.