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You and 11 coworkers just won $15 million ($1,250,000.00 each) from the state lottery. Assuming you each receive your share over 20 years and that

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You and 11 coworkers just won $15 million ($1,250,000.00 each) from the state lottery. Assuming you each receive your share over 20 years and that the state lottery earns a 8 percent return on its funds, what is the present value of your prize before taxes if you request the 'up-front cash' option? Click on the table icon to view the annuity table The present value of your prize before taxes if you request the 'up-front cash' option is $ (Round your answer to the nearest dollar.)

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