$1,200,000 now plus $625,000 from the end of years 6 through 15. Also, if the product goes over $60 million in cumulative sales by the end of year…

$1,200,000 now plus $625,000 from the end of years 6 through 15. Also, if the product goes over $60 million in cumulative sales by the end of year 15, he will receive an additional $3,000,000. Rambo thought there was an 80 percent probability this would happen. What is the present value?