You are a lucky winner of the $30 million state lottery. You can take your prize money either as

(a) 30 payments of $1m per year (starting today);

OR (b) 15 million paid today.

If the APR is 8% with annual compounding, which option would you choose?

- How much would payment option (a) be worth at t=0 / today, in millions?

Note: all time period is end of period, today = end of year 0.