Congratulations! You won the lottery. You are to receive $2,000,000 at the end of each year for the next 20 years. You also have the option of choosing a cash option, so that you receive a lump sum payment instead of the 20 annual payments. If the discount rate that the lottery commission uses to determine the lump sum payoff is 7%, what does your payoff need to be if you select the cash option?