A portfolio has a valueP(E,S), so that the valuePis a function ofE, the price of a Euro in Canadian dollars, andS, the level of the TSX stock index. Presently the portfolio is worth $500,000, while a Euro is $1.50 Canadian, and the index is S= 25,000.

If the partial derivatives ofPhave values P/E = 95,000, and P/S = 45, what approximately will the portfolio value be if the price of a Euro goes down by 0.03 and the stock index goes down by 625?