On March 1, 2021, Bullet Company issued $18 million of 10% bonds at 103, due on February 28, 2031. Each $1,000 bond was issued with 38 detachable stock warrants, each of which entitled the holder to purchase, for $50, one share of Bullet's no par common stock. On March 1, 2021, the market price of each warrant was $5. By what amount should the bond issue proceeds increase shareholders’ equity?