Salesforce, a global leader in CRM solutions, recently inked a contract with a key client for cloud-based services over a three-year period. The contract, valued at $30,000,000, necessitated an upfront payment of $9,000,000. Revenue recognition is contingent upon reaching specific project milestones. In the inaugural year, Salesforce successfully attained 25% completion of the project milestones. Determine the revenue recognized for the first year utilizing the percentage-of-completion approach.