Please show work with Excel if possible!

You just won the Power Ball Lottery worth $550,000,000. Upon reading the fine print, you learn that you have two options: Option A: take the cash value of $266 million today (before taxes) Option B: The winner is guaranteed to receive 30 graduated payments over 29 years; the first payment is made today. These payments will increase by 5% per year until the final payment. The first payment, received today, equals $18,333,333.33 Assuming a required rate of return of 10%, calculate the present value of option B. (Round to 2 decimals)