Carol Jenkins, a lottery winner, will receive the following payments over the next seven years. If she can invest her cash flows in a fund that will earn 10.3 percent annually, what is the present value of her winnings? (Round answer to 2 decimal places, e.g. 15.25.)
1. $253,785
2. $525,465
3. $508,707
4. $310,840
5. $549,558
6. $335,918
7. $382,876