How vividly do you remember the biggest man-made environmental catastrophe in American history millions of gallons of oil following unchecked into the Gulf of Mexico from an undersea well? In response to this tragedy, British Petroleum (BP) will make from payments into a fund to pay for some of the damages to the Gulf Coast resulting from their massive oil spill in April and following months of 2010. BP will pay $3 billion at the end of the third quarter of 2010 and another $2 billion in the fourth quarter of 2010. BP will then make payment of $1.25 billion each quarter thereafter until a total of $20 billion has been paid into the fund. If the opportunity cost of capital (interest rate) is 3% per quarter, what is the equivalent value of this payment stream at the beginning of the third quarter of 2010?