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Sam Perea won $89,000,000 in the Power Ball. This lottery offers Sam to choose between receiving the overall amount today or dividing that amount into

Sam Perea won $89,000,000 in the Power Ball. This lottery offers Sam to choose between receiving the overall amount today or dividing that amount into 26 equal annual payments that will be received at the beginning of each year. Assume that the funds are invested at 7.65%. Sam asks for your help in deciding whether to choose the overall amount or the annual payments. How much is the total amount exactly equal to the present value of the annual payments? Round to the next dollar.

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