Teesha won the Lottos$14million prize, but is surprised to learn that she will not be receiving all her prize money immediately. The money will be paid in equal annual instalments of $700,000 over 20 years. She is terribly disappointed and has contacted an investment company that is willing to buy her stream of future cash flows and pay her an amount in cash today. If the appropriate discount rate is 8%, how will the company be willing to pay her today?