Question: 11 A baseball player is offered a contract that will pay $1,354,488 per year for 4 years, followed by $2,244.997 per year for 6 years,

A baseball player is offered a contract that will pay $1,354,488 per year for 4 years, followed by $2,244.997 per year for 6 years, followed by $2,672,946 per year for 6 years. All contract payments are paid at the end of the year. If the player's required rate of return is 5.9%, how much is this contract worth? State your answer to the nearest whole dollar

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