A star baseball free agent is the object of a bidding war between two rival teams. The first team offers a 3 million dollar signing bonus and a 5-year contract guaranteeing him 8 million dollars this year and an increase of 3% per year for the remainder of the contract. The second team offers $9 million per year for 5 years with no incentives. If the prevailing annual interest rate stays fixed at 4% compounded continuously, which offer is worth more?