An investment will pay you $8,000 in 9 years, and it will also pay you $260 at the end of each of the next 9 years (years 1 thru 9). If the annual interest rate is 5%, how much would you be willing to pay today for this type of investment? (Round your intermediate calculations and final answer to the nearest whole dollar.) A college student is reported in the newspaper as having won $8,500,000 in the Kansas State Lottery. However, as is often the custom with lotteries, she does not actually receive the entire $8.5 million now. Instead she will receive $425,000 at the end of the year for each of the next 20 years. If the annual interest rate is 5%, what is the present value (today's amount') that she won? (ignore taxes). (Round your answer to nearest whole dollar.)