You have been awarded a grant from the government with a future value of $19$ million dollars for your philanthropic work. However, they have no intention of paying this sum to you all at once. Instead, you are offered a $15-$year annuity, with the first payment coming one year from today. You require a large sum of money today in order to be able to start your work, though, so you offer your rich friend an opportunity to purchase this annuity for its fair present value today. If the interest rate is $4$ percent, what price would you be able to sell the annuity to your friend for?