An MNC is considering establishing a two-year project in Australia with a $25 million initial investment. The firm's cost of capital is 12%. The required rate of return on this project is 20%. The project is expected to generate cash flows of AD 10 million in Year 1 and AD 25 million in Year 2, excluding the salvage value. Assume no taxes, and a stable exchange rate of $.75 per Australian Dollar over the next two years. All cash flows are remitted to the parent. What is the break-even salvage value?