Facey Corp plans to invest in a two-year project in Greece. The forecast shows the project will generate 2,000,000 and 3,000,000 euros in years 1 and 2 respectively. Facey's investment will be $6,000,000. Research shows that projects similar in nature generate a cost of capital of 11%. Calculate the net present value of this project if the spot rate of the euro for the two years is forecasted to be $1.57 and $1.58, respectively?