A prospective client has won the lottery. They have a choice of a lump sum payment of \($10\) million, or 20 annual installments of \($600,000.\) The first payment will occur immediately. What is the present value of the stream of payments if the long bond rate is 5 percent?

A. 3,768,894.83 

B. -3,768,894.83 

C. 7,477,326.21 

D. -7,477,326.21