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You and 11 coworkers just won $19 million ($1,583,333.33 each) from the state lottery. Assuming you each receive your share over 17 years and that

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You and 11 coworkers just won $19 million ($1,583,333.33 each) from the state lottery. Assuming you each receive your share over 17 years and that the state lottery earns a 5 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.) \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{11}{|c|}{ Present Value of an Annuity of \$1 (PVIFA) } \\ \hlinen & 1% & 2% & 3% & 4% & 5% & 6% & 7% & 8% & 9% & 10% \\ \hline 1 & 0.990 & 0.980 & 0.971 & 0.962 & 0.952 & 0.943 & 0.935 & 0.926 & 0.917 & 0.909 \\ \hline 2 & 1.970 & 1.942 & 1.913 & 1.886 & 1.859 & 1.833 & 1.808 & 1.783 & 1.759 & 1.736 \\ \hline 3 & 2.941 & 2.884 & 2.829 & 2.775 & 2.723 & 2.673 & 2.624 & 2.577 & 2.531 & 2.487 \\ \hline 4 & 3.902 & 3.808 & 3.717 & 3.630 & 3.546 & 3.465 & 3.387 & 3.312 & 3.240 & 3.170 \\ \hline 5 & 4.853 & 4.713 & 4.580 & 4.452 & 4.329 & 4.212 & 4.100 & 3.993 & 3.890 & 3.791 \\ \hline 6 & 5.795 & 5.601 & 5.417 & 5.242 & 5.076 & 4.917 & 4.767 & 4.623 & 4.486 & 4.355 \\ \hline 7 & 6.728 & 6.472 & 6.230 & 6.002 & 5.786 & 5.582 & 5.389 & 5.206 & 5.033 & 4.868 \\ \hline 8 & 7.652 & 7.325 & 7.020 & 6.733 & 6.463 & 6.210 & 5.971 & 5.747 & 5.535 & 5.335 \\ \hline 9 & 8.566 & 8.162 & 7.786 & 7.435 & 7.108 & 6.802 & 6.515 & 6.247 & 5.995 & 5.759 \\ \hline 10 & 9.471 & 8.983 & 8.530 & 8.111 & 7.722 & 7.360 & 7.024 & 6.710 & 6.418 & 6.145 \\ \hline 11 & 10.368 & 9.787 & 9.253 & 8.760 & 8.306 & 7.887 & 7.499 & 7.139 & 6.805 & 6.495 \\ \hline 12 & 11.255 & 10.575 & 9.954 & 9.385 & 8.863 & 8.384 & 7.943 & 7.536 & 7.161 & 6.814 \\ \hline 13 & 12.134 & 11.348 & 10.635 & 9.986 & 9.394 & 8.853 & 8.358 & 7.904 & 7.487 & 7.103 \\ \hline 14 & 13.004 & 12.106 & 11.296 & 10.563 & 9.899 & 9.295 & 8.745 & 8.244 & 7.786 & 7.367 \\ \hline 15 & 13.865 & 12.849 & 11.938 & 11.118 & 10.380 & 9.712 & 9.108 & 8.559 & 8.061 & 7.606 \\ \hline 16 & 14.718 & 13.578 & 12.561 & 11.652 & 10.838 & 10.106 & 9.447 & 8.851 & 8.313 & 7.824 \\ \hline 17 & 15.562 & 14.292 & 13.166 & 12.166 & 11.274 & 10.477 & 9.763 & 9.122 & 8.544 & 8.022 \\ \hline 18 & 16.398 & 14.992 & 13.754 & 12.659 & 11.690 & 10.828 & 10.059 & 9.372 & 8.756 & 8.201 \\ \hline 19 & 17.226 & 15.678 & 14.324 & 13.134 & 12.085 & 11.158 & 10.336 & 9.604 & 8.950 & 8.365 \\ \hline 20 & 18.046 & 16.351 & 14.877 & 13.590 & 12.462 & 11.470 & 10.594 & 9.818 & 9.129 & 8.514 \\ \hline 21 & 18.857 & 17.011 & 15.415 & 14.029 & 12.821 & 11.764 & 10.836 & 10.017 & 9.292 & 8.649 \\ \hline 22 & 19.660 & 17.658 & 15.937 & 14.451 & 13.163 & 12.042 & 11.061 & 10.201 & 9.442 & 8.772 \\ \hline 23 & 20.456 & 18.292 & 16.444 & 14.857 & 13.489 & 12.303 & 11.272 & 10.371 & 9.580 & 8.883 \\ \hline 24 & 21.243 & 18.914 & 16.936 & 15.247 & 13.799 & 12.550 & 11.469 & 10.529 & 9.707 & 8.985 \\ \hline 25 & 22.023 & 19.523 & 17.413 & 15.622 & 14.094 & 12.783 & 11.654 & 10.675 & 9.823 & 9.077 \\ \hline 30 & 25.808 & 22.396 & 19.600 & 17.292 & 15.372 & 13.765 & 12.409 & 11.258 & 10.274 & 9.427 \\ \hline 40 & 32.835 & 27.355 & 23.115 & 19.793 & 17.159 & 15.046 & 13.332 & 11.925 & 10.757 & 9.779 \\ \hline 50 & 39.196 & 31.424 & 25.730 & 21.482 & 18.256 & 15.762 & 13.801 & 12.233 & 10.962 & 9.915 \\ \hline \end{tabular}

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