Watford have rejected the summer’s first bid for Danny Graham but how much do you believe the striker is worth?

Graham finished this season with 27 goals and his 24 in the league made him the Championship’s leading marksman.

With 41 goals for the club since his arrival two years ago, Graham has quickly replaced Tommy Smith as the Hornets’ talisman.

Watford rejected QPR’s £2.5m bid but if you were on the Hornets’ board, how much would it take for you to part with the 25-year-old?

Take part in our online ballot and explain your decision below.