You have just received notification that you have won the $4.0 million first prize in the Centennial Lottery. However, the prize will be awarded on your 100th birthday (assuming you're around to collect), 77 years from now. What is the present value of your windfall if the appropriate annual discount rate is 12 percent?

A) $662.02

B) $4,230.39

C) $649.04

D) $597.12

E) $636.06