The winner of a lottery is awarded $$6,000,000$ to be paid in annual installments of $$300,000$ for $20$ years. Alternatively, the winner can accept a "cash value" one$-$time payment of $$2,700,000.$ The winner estimates he can earn $8\%$ annually on the winnings. What is the present value of the installment plan? $($Round your answer to two decimal places.$)$