You just won America$$s Got Talent $-$ and will receive $$1,000,000$ over $40$ years... I want the money now... how much net cash will I receive? $($you live in CA$,$ USA$)$ You will have to assume some of the information and some of it is fact. Be sure to show what you assumed in your paper $$ so I know how you got your results.

$$1$M question

$1.$ compute the PV of the stream of payments $-$ I want the $ now $!$

$2.$ assume the interest rate based upon today's discount rate $-$ research this #

$3.$ once you get the PV then deduct the Fed & state taxes $-$ find the actual rates from the web