Imprudential, Incorporated, has an unfunded pension liability of $$42\mathrm{.}2$ million that must be paid in $7$ years. To assess the value of the firm$$s stock, financial analysts want to discount this liability back to the present. If the relevant discount rate is $10\mathrm{.}8$ percent, what is the present value of this liability $($in millions$)?$

Imprudential, Incorporated, has an unfunded pension liability of $$42\mathrm{.}2$ million that must be paid in $7$ years. To assess the value of the firm$$s stock, financial analysts want to discount this liability back to the present. If the relevant discount rate is $10\mathrm{.}8$ percent, what is the present value of this liability $($in millions$)?$

$$24\mathrm{.}70$

$$20\mathrm{.}58$

$$200\mathrm{.}15$

$$220\mathrm{.}16$