Rita Gonzales won the $65 million lottery. She is to receive $3 million a year for the next 20 years plus an additional lump sum payment of $5 million after 20 years. The discount rate is 6 percent.

What is the current value of her winnings? Use Appendix B and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods.(Do not round intermediate calculations. Round your final answer to 2 decimal places.)