XYZ Corporation is considering a project in France that will have a start-up cost of 8 million Euros this year and a required rate of return of 15 percent. The project will have cash flows of 3 million Euros per year at the end of each of the next three years, and then the project will be sold for its salvage value. The current spot rate for the Euro is $1.15, and the Euro is expected to appreciate relative to the U.S. dollar to $1.17 in one year, $1.19 in two years, and $1.21 in three years. What is the break-even salvage value (in Euros at the time of the sale) of this project?