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Congratulations! You have just won $515 million in the largest Powerball jackpot payoff ever! You will receive payments of $26,000,000 per year for the next

Congratulations! You have just won $515 million in the largest Powerball jackpot payoff ever! You will receive payments of $26,000,000 per year for the next 20 years. Use Table 6-5. (Use appropriate factor from the table provided.)

Required:

Calculate the present value of your lottery winnings, assuming an interest rate of 8%. (Enter your answer in whole dollars.)

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