3. Suppose you were the sole winner of the Power Ball Lottery and the corresponding $24 million jackpot. You may either receive a lump sum payment now, or a series of thirty $1 Million payments per year, beginning at the end of year one for 30 periods. If the current 30-year interest rate is 3%, compounded annually, what should the lump sum payment be today to make you indifferent between receiving a lump sum payout or receiving the $1 Million per year set of payments for the next thirty-years? Assume annual compounding