Zeda Inc., a US MNC$,$ is considering making a fixed direct investment in Denmark. The Danish government has offered Zeda a concessionary loan of DKK$15,000,000$ at a rate of $4\%$ per annum. The normal borrowing rate for Zeda is $6\%$ in USD and $5\mathrm{.}5\%$ in DKK$.$ The loan schedule calls for the principal to be repaid in three equal annual installments. The current spot rate is DKK$5\mathrm{.}60/$USD$1$ and the expected inflation rate is $3\%$ in the United States and $2\mathrm{.}5\%$ in Denmark. Under these conditions, the present value of the benefit of the concessionary loan is USDXX,XXX$?$