FanBank has estimated that it has risk-weighted assets of $11.81 billion out of a total...

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Finance

FanBank has estimated that it has risk-weighted assets of $11.81 billion out of a total asset figure of $18.41 billion.

What is the total capital (T1 + T2) requirement for FanBank ($million) if you assume Basel III requirements (8%)?

Express your answer in millions of dollars to two decimal places. Do not write "$" and do not write "millions".

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