You are considering a project that will cost you $$16,000,000$ initially. Your cost of capital for this project is $8\%.$ There is a $80\%$ probability that the project will generate cash flows of $$2,000,000$ per year in perpetuity, and a $20\%$ probability that the project will generate cash flows of $$500,000$ per year in perpetuity. If you could sell the project at the end of the first year for $$7,136,544,$ what is the value of this abandonment option today?

Enter your answer in dollars and cents. For example, $$123,456$ would be $123,456.$