Your brother-in-law has just won the lottery and is coming to you for free advice. He has two options in which he may receive his payments. He can elect: 1) 10 annual beginning-of-year payments of $1 million or, 2) 30 annual beginning-of year payments of $400,000. If he expects to earn a 5% return on his investments, which option offers the highest present value? (indicate all inputs in your financial calculator)

So I think I am doing incorrectly. I am doing the caculations as:

N=10, I=5, PMT= $1,000,000 PV= 7,721,734.92

N= 30 i= 5 pmt= 400,000 pv= $6,148,980.41

What am I doing wrong?