Calculate the annual cash flows (annuity payments) from a fixed-payment annuity if the present value of the 25-year annuity is $1.9 million and the annuity earns a guaranteed annual return of 11 percent. The payments are to begin at the end of seven years. (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))