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You have just won the Powerball Lottery with a jackpot of $ 3 2 9 , 0 0 0 , 0 0 0 . No

You have just won the Powerball Lottery with a jackpot of $329,000,000. No one else had the winning ticket so it's all yours! You remember taxes in your finance class and know that if you take a lump sum, it will cost you almost $122 million dollars. So, you elect to take the 25-year payout. Your winnings will be paid to you in 25 equal annual installments with the first payment made at the end of the year. If you feel the appropriate annual discount rate is 9%, what is the value to you of the $13,160,000 annual cash flow after 5 years into the payout?
A. $119,196,119
B. $129,265,148
C. $120,131,661
D. $51,187,810
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