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You have just received notification that you have won the $ 2 . 0 7 million first prize in the Centennial Lottery. However, the prize

You have just received notification that you have won the $2.07 million first prize in the Centennial Lottery. However, the prize will be
awarded on your 100th birthday (assuming you're around to collect),73 years from now. What is the present value of your windfall if
the appropriate discount rate is 11 percent?
Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal
places, e.g.,1,234,567.89.
Present value
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