On January 1, 2008, you win \(\$ 40,000,000\) in the state lottery. The \(\$ 40,000,000\) prize will be paid in equal installments of \(\$ 2,000,000\) over 20 years. The payments will be made on December 31 of each year, beginning on December 31, 2008. If the current interest rate is \(5 \%\), determine the present value of your winnings. Use the present value tables in Appendix A.

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