An all-star goaltender is in contract negotiations. The team has offered the following salary structure:

Time                                  Salary

0..................................$8,500,000

1................................... 3,900,000

2................................... 4,600,000

3................................... 5,300,000

4................................... 5,800,000

5................................... 6,400,000

6................................... 7,300,000

All salaries are to be paid in a lump sum. The player has asked you as his agent to renegotiate the terms. He wants a $10 million signing bonus payable today and a contract value increase of $1,500,000. He also wants an equal salary paid every three months, with the first pay cheque three months from now. If the interest rate is 5 percent compounded daily, what is the amount of his quarterly cheque? Assume 365 days in a year.