Golfer Matt Kuchar won the U.S. Amateur in 1997, and got an automatic invitation to the Masters in 1998 (page 475 of your textbook). Instead of going pro, Matt decided to stay at Georgia Tech for 3 more years. In 2001, when he turned pro, Matts expected salary was $500,000 per year.

Had he turned professional in 1998, Matt would have earned $2 million per year in endorsements.

Suppose Matt Kuchar wants to find the Future Value of his 3 years of lost income as of 2000. Also assume that the discount rate is 10%.

What is the Future Value of Matts lost income as of 2000?

Hint: Compound the lost income in 1998 and 1999 using the discount rate.

Answer in millions of dollars. (Ex: $1,000,000 = 1)