Please help me understand this problem.

Kim Company bought 20% of the shares of Phelps, Inc., at the start of 2021. Kim paid $25 million for the shares. Twenty percent of the book value of Phelps's net assets is $19 million, and the difference of $6 million is due to land that Phelps owns that has appreciated in value. During 2021, Phelps reported net income of $5 million and paid a cash dividend of $4.6 million.

At what amount does Kim carry the Phelps investment on its balance sheet as of December 31, 2021?(Enter your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50).)

Amount of investment reported in Kim Balance sheet: $________________million