Congratulations, you have won the lottery! Would you rather have $80 million, spread out in 14 annual payments of $4 million, with the first payment coming one year from now, or $53.50 million paid out as a lump sum today? (Assume a discount rate of 9.2%.) The present value, PV, of the $4 million at the end of each of the next 14 years is $ . (Round to the nearest cent.)