Kevin transferred $4,000,000 to a GRAT naming his four children as the remainder beneficiaries. Kevin retained an annuity from the GRAT valued at $1,500,000. If this is his only transfer during the year, what is Kevins total taxable gifts for the year?

$1,444,000.

$1,500,000.

$2,440,000.

$2,500,000