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Coach Sloane just received a new contract for $2M per year for 8 years which was announced as a $16M contract. Assuming an 7% discount rate, what is the true present value of that contract assuming all annual payments are received on the first day of the contract year, te., he gets \$2M now, and 7 more annual payments? Round to nearest whole number (no decimal place). Do not include commas (,)orthedollarsign($)