Celine Dion just won a "Name That Tune" contest with a grand prize of $200,000. However, the contest stipulates that the winner will receive $100,000 immediately, and the remainder divided equally at the end of each of the next 15 years. Assuming that she can earn 5% on her money, what is the present value of her winnings? What is the present value of the winnings? $(Round to the nearest cent.)