Present Value of an Annuity On January 1, you win $50,000,000 in the state lottery. The $50,000,000 prize will be paid in equal instalments of $6,250,000 over eight years. The payments wil be made on December 31 of each year, beginning on December 31 of this year if the current interest rate is 5%, determine the present value of your winnings. Use the present value tables in Exhibit 7. Round to the nearest whole dolar