ABC (Pty) Ltd suffered damage to its office building when a fire broke out. The event is covered in the insurance policy. The building was insured for R10000000. The market value of the property at the date when the policy was renewed was R9500000. The assessor when evaluating the property, determined that the replacement value is currently R12500000, and that the damage was R7500000. What is the amount of the expected insurance payout?