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Rita Gonzales won the $62 million lottery. She is to receive $1.9 million a year...

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Accounting

Rita Gonzales won the $62 million lottery. She is to receive $1.9 million a year for the next 25 years plus an additional lump sum payment of $14.5 million after 25 years. The discount rate is 13 percent. What is the current value of her winnings? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

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