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you and 1 1 coworkers just won $ 1 2 million ( 1 , 0 0 0 , 0 0 0 , 0 0 each

you and 11 coworkers just won $12 million (1,000,000,00 each) from the state lottery. Assuming you each recieve your share over 20 years and that the state lottery earns a 3 percent return on its funds, what is the present value of your prize before taxes if you request the 'up-front cash' option?

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