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You and 1 1 coworkers just won $ 1 4 million ( $ 1 , 1 6 6 , 6 6 6 . 6 7

You and 11 coworkers just won $14 million ($1,166,666.67each) from the state lottery. Assuming you each receive your share over 18 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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