You just won the $20,000,000 lottery price. Either you can take the annual payments of $1,000,000 per year for 20 years or you can elect to receive a lump sum value of the annual payments using a discount rate of 6%. You have elected to receive the lump sum amount. What is the net lump sum amount you will received after applying Federal and State Income Taxes; 25% and 12% respectively. What is the Net Lump Sum distributed after taxes?

		A. $11, 469,921
		B. $4,243,871
		C. $7,226,050