Question 8 EOC 16 4 5 > HW Score: 23.33%, 7 of 30 points @3 0 Points: 0 of 3 A competitor has infringed your patent, so you are entitled to recover lost prots. You have calculated lost profits of $10,000,000. The jury, in a burst of common sense, has awarded your companythe entire $10,000,000. The defendant threatens to appeal. The appellate process will take 5 years. During the appeal, your company will earn post-judgment interest of 6 percent per year. Your firm's discount rate is 9 percent per year. Assume that the probability of winning the appeal is 100 percent, that the costs of the appellate process are 0, and that the annual interest and the eventual payment will be paid at the end of the fifth year. The lowest sum that you will take in exchange for the defendant's promise not to appeal is $ (Round your answer to two decimal places.)