You and 11 coworkers just won

$77

million

($583 comma 333.33583,333.33

each) from the state lottery. Assuming you each receive your share over

1818

years and that the state lottery earns a

77

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

annuitylong dashpayments

made at the end of each period.) Click on the table icon to view the annuity table

LOADING...

.

The present value of your prize before taxes if you request the 'up-front cash' option is

$nothing.

(Round your answer to the nearest dollar.)