9. Suppose the Texas lottery advertises that it pays its winner $9 million. However, this prize money is paid at the rate of $3 million each year (with the first payment being immediate, at year 0) for a total of 3 payments. What is the present value (in millions) of this prize at 9% annual interest rate?

(a) $9.81 (b) $10.59 (c) $8.28 (d) $7.59