You will receive $2,460,000 today, and then receive 40 payments of $1,230,000 These payments will start one year from now and will be paid every six months. An off has been submitted to purchase all the payments from you for $25 million. The interest rate is an APR of 10 percent compounded daily. Assume there are 12 months in a year, each with 30 days.

What is the present value of the cash flows from your lottery winnings?