It's It has licensed its product to Dairy Delight company who will manufacture and sell the It's It product and brand in another country.

The license fee is $125,000 The royalty fees are 5% of gross annual revenues Dairy Delight's five year revenue forecasts are: Year 1 $1,000,000 Year 2 $1,250,000 Year 3 $1,400,000 Year 4 $1,420,000 Year 5 $1,430,000 For a total 5 year revenue of $6.5M

The gross margin of Dairy Delight is 35% Their marketing costs are 5% of sales per year. They sell the product for 85 cents and it costs them 18 cents to make.

What will be It's It's revenue from this licensing arrangement over the 5 years?