23 Problem 6-44 Calculating Present Values [LO1 You just won the TVM Lottery. You will receive $1 million today plus another 10 annual payments that increase by $690,000 per year. Thus, in one year, you receive $169 million. In two years you get $2.38 million, and so on. points eBook Print References If the appropriate interest rate is 7.9 percent, what is the value of your winnings today? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, and round your answer to 2 decimal places, e.g., 1,234,567.89.) Present value