Table:
| Named Executive Officer | Performance Share Units | Restricted Share Units | Stock Options | Total |
| --- | --- | --- | --- | --- |
| Mark J. Barrenechea | $2,815,000 | $1,407,500 | $1,407,500 | $5,630,000 |
| Madhu Ranganathan | $500,000 | $250,000 | $250,000 | $1,000,000 |
| Muhi Majzoub | $550,000 | $275,000 | $275,000 | $1,100,000 |
| Gordon A. Davies | $500,000 | $250,000 | $250,000 | $1,000,000 |
| Simon Harrison | $218,750 | $109,375 | $109,375 | $437,500 |
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Fiscal 2021 LTIP
Grants made in Fiscal 2019 under the Fiscal 2021 LTIP took effect on August 6, 2018 with the goal of measuring performance over the three year period starting July 1, 2018. The table below illustrates the target value of each element under the Fiscal 2021 LTIP for each Named Executive Officer.
Awards granted in Fiscal 2019 under the Fiscal 2021 LTIP were in addition to the awards granted in Fiscal 2018, Fiscal 2017, and prior years. For details of our previous LTIPs, see Item 11 of our Annual Report on Form 10-K for the appropriate year.
Question:
What is the average total target value for all Named Executive Officers?
Answer: (5630000+1000000+1100000+1000000+437500)/5 = 1833500