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Saved You have won the lottery. You will receive $2,400,000 today, and then receive 40 payments of $1,200,000 These payments will start one year from

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Saved You have won the lottery. You will receive $2,400,000 today, and then receive 40 payments of $1,200,000 These payments will start one year from now and will be paid every six months. A representative from Greenleaf Investments has offered to purchase all the payments from you for $23 million. The appropriate discount rate is an APR of 10 percent compounded daily. Assume there are 12 months in a year, each with 30 days. What is the present value of the cash flows from your lottery winnings? (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present value

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