Naomi Osaka is considering a sponsorship opportunity to promote Wilson tennis racquets. The deal will pay her:

-$11.68mm upfront

-a $5mm annuity for 10 years starting 3 years from now

- a terminal payment of $15mm in 17 years.

What is the value of the contract to Naomi today? Assume a 6% discount rate. Round to the nearest million $ and use the $ symbol. $63mm would be the form of a correct answer