The relevant interest rate for insurance contracts is 2% per annum (semiannual compounding applies) and all premiums are paid annually at the beginning of the year. A $2,000,000 term insurance contract is being proposed for a 40-year-old male in average health. Assume that payouts occur halfway throughout the year. Using the mortality rates estimated by the U.S. Social Security Administration, which of the following amounts is closest to the insurance company's breakeven premium for a two-year term?