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The Taiwanese subsidiary of a US company is expected to remit Taiwanese Dollars TWD 40 million, 45 million and 50 million in the next 3 years. Calculate the total remittance in USD if the required rate of retun for the US MNC is 12%. USD/TWD is 27.9837 without change.

		Between $ 8 Million and $9.5 Million
		Between $ 5 Million and $7.5 Million
		Between $2.5 Million and $4.5 Million
		Between $ 11 Million and $ 14.5 Million