Juan is the lucky winner of the California state lottery.

Lottery company gives him the following two options:

(a) Annuity, 30 payments of $1 million per year (starting TODAY), or

(b) Lumpsum, $15 million paid TODAY.

He can save that money in a bank that pays 6.5% annual rate.

How much is the benefit (in today's dollars) if Juan chose option (b)? Enter your answer in millions in the following format: 1.234 or -1.234 Hint: Answer is between -0.972 and -1.191