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You have just won the Georgia Lottery with a jackpot of $30,000,000. Your winnings will be paid to you in 28 equal annual installments with

You have just won the Georgia Lottery with a jackpot of $30,000,000. Your winnings will be paid to you in 28 equal annual installments with the first payment made immediately. If you feel the appropriate annual discount rate is 7%, what is the minimum amount that you would be willing to accept in exchange for an immediate payout of this contract (Do not round interim calculations)

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