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You and 11 coworkers just won $12 million from the state lottery. Assuming you each receive your share over 20 years and that he state

You and 11 coworkers just won $12 million from the state lottery. Assuming you each receive your share over 20 years and that he state lottery earns a 5.5 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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