Solve the following problem using the formula.

Please round intermediate calculations to 4 decimal places as done in class.

Until recently, Marie Holmes of Shallotte supported her four children by working jobs at Wal-Mart, Food Lion, KFC, McDonald's and Subway. The 26-year-old's life changed forever when her Powerball ticket matched all six numbers in the Feb. 11 drawing, winning her a third of the $564 million jackpot.

Holmes, of North Carolina, decided to accept her million dollar winnings in one lump sum, meaning she would be awarded $127,000,000 million. The North Carolina Educational Lottery (NCEL) uses a discount rate of 3.0% to determine the lump sum payouts.If Holmes opted for the annuitized payout over 30 years, what would be the amount of her annual payments?