You and 11 coworkers just won $66 million (500,000.00 each) from the state lottery. Assuming you each receive your share over 2020 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?(Note: Also assume an ordinary annuity long dash payments made at the end of each period.) 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.)

Data Table Present Value of an Annuity of $1 (PVIFA) n 1% 2% 3%: 4% 5% 6% 7% 8% 9% 10% 0.990 0.980 0.971 0962 0952 0943 0.935 0.926 0.917 0.90 1.970 1.942 1.913 1.886 1.85 2.941 2.884 2.829 2.775 2.72 4 3.902 3808 3.717 3630 3.546 3.465 4.853 4.713 4.580 4.452 4.329 4212 4.1 6 5.7956 5417 5242 5076 6.728 6.472 6.230 6.0025786 5.582 5389 5.2065033 4.868 7652 7325 7.020 6733 6.463 6210 5971 5.747 5535 5335 8.566 8.162 7.786 7.435 7.108 6.802 6.515 6.247 5.995 |10| 9471 8983| 8.530|8.1111 77227 11 10368 9.7879.253 8.760 8.306 7.887 74997139 6805 6.495 1121-11255 10 575 99549385 8863 8384 7943 7536 71616814 13 12.134 11.348 10.635 9.986 9.394 8.853 8.358 7.904 7.487 7103 14| 13004| 12106| 11296 10.563| 9899| 9.295|--8745|--8244|7786| 7367| 15 13 865 12.8491938 11,118 10380 9.712 9.108 8.559 8061 7 606 1833 1.808 1.783 1.759 1.7 263 2624 25772531 2.487 3 38 3312 3.240 3 170 3 4.917 4.767 4623 4.486 4.355 8 5.759 14 71813 57R in 8 1n 1 447 8 851 313 7 824 Print Done Data Table O. 8384 7.943 7.536 7.161 6.814 12 11255 10.575 9.954 9385 8.863 8 13 12 134 11348 10 635 986 9394 8853 8358 7904 7487 71 14 13 004 12.106 11 296 10.5639899 9295 8.745 8244 7.786 7367 15 13.865 12.849 11.938 11.118 10380 9.712 9.108 8.559 16 14.718 13578 12 561 11.652 10 838 10.106 9.447 8061 7606 1/1 15562 14 292 13.160 12160 11274 10477] 976 18 16.398 14992 13,754 12659 11690 10 828 100 9.122 8.544 8.022 59 9 372 8756 8 201 14.324 13.134 12.085 18 10.336 9.604 8950 8.365 20 18 046 16351 14877 13.590 12.462 11470 10594 9818 9.129 8.514 21 18 857 17011 15415 14 029 12 821 11.764 10836 100179 292 864 19660 17658 15.937 14451 13163 12042 11061| 10.201- 9.442 8772 23 20.456 18292 16.444 14.857 13489 12303 11.272 10.371 9.580 8.883 9.7639.1 24 21.243-18.914 16.936 15247 13.799 12550-11469 10529 970 25 22 023 19 523 17413 15 622 14094 1 12.783 11.654 10.675 9.823 9.077 808 22 396 19.600 17 292 15 372 13,765 12.409 11258 10274 9.427 40 32 835 27 355 23 115 19793 17 159 15.046 13.332 11925 10 757 9779 96 31.424 25.730 21.482 18256 15,762 13 801 12 233 10 962 9.915 30 25