use excel to solve.

Your client was terminated today from his CEO position at State Avenue. Under the terms of his severance agreement, he will receive a severance package consisting of a payment today of $2,200,000, and then annual payments of $500,000 each for 5 years, with the first of the payments occurring precisely 4 years from today. If you use a discount rate of 3.91%, what is the present value (i.e., value as of today) of the settlement