Your company has a project in France. The project's cost is €2 million and the cash flows are €.9 million per year for the next three years. The dollar required return is 10% and the current exchange rate is €0.500. The risk-free rate on euros is 7% per year. It is 5% per year on the dollar. The NPV for the project using the exact forms for UIP and the international Fisher effect is $...........?