The fractional change in volume is given by the formula:
\[
\Delta V = \frac{\Delta P}{B}
\]
Where:
- \( \Delta P \) is the pressure,
- \( B \) is the bulk modulus.
We are given:
- \( \Delta P = 14 \, \text{atm} = 14 \times 1.013 \times 10^5 \, \text{Pa} \),
- \( B = 40 \times 10^9 \, \text{Nm}^{-2} \).
The fractional change in volume is:
\[
\Delta V = \frac{14 \times 1.013 \times 10^5}{40 \times 10^9} \approx 3.54 \times 10^{-5}
\]
Thus, the fractional change in volume is \( \boxed{3.54 \times 10^{-5}} \).