The Atlanta Braves signed an outfielder to a five-year contract. The contract calls for the following...
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The Atlanta Braves signed an outfielder to a five-year contract. The contract calls for the following cash flows: • a signing bonus of $2.00 million today, • $12.15 million in year 1, $13.07 million in year 2, . $14.18 million in year 3, • $15.18 million in year 4, and $16.13 million in year 5. If the outfielder has a discount rate of 5.00% per year, what is the value of his contract today (in millions)? (Express answer in millions. $1,000,000 would be 1.00) Submit Answer format: Currency: Round to: 2 decimal places. Consider an investment with the following cash flows: YEAR Cash flow 1 Submit $110.00 2 If you want a 5.00% annual return on your investment, what is the value of this opportunity today? Answer format: Currency: Round to: 2 decimal places. $233.00 The Atlanta Braves signed an outfielder to a five-year contract. The contract calls for the following cash flows: • a signing bonus of $2.00 million today, • $12.15 million in year 1, $13.07 million in year 2, . $14.18 million in year 3, • $15.18 million in year 4, and $16.13 million in year 5. If the outfielder has a discount rate of 5.00% per year, what is the value of his contract today (in millions)? (Express answer in millions. $1,000,000 would be 1.00) Submit Answer format: Currency: Round to: 2 decimal places. Consider an investment with the following cash flows: YEAR Cash flow 1 Submit $110.00 2 If you want a 5.00% annual return on your investment, what is the value of this opportunity today? Answer format: Currency: Round to: 2 decimal places. $233.00
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