2. Present Value Dak Prescott's contract pays him $40 million per year. His last contract payment...
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2. Present Value Dak Prescott's contract pays him $40 million per year. His last contract payment will be in exactly 4 years, for the full $40 million. Dak believes this last payment should be paid early as a reward for his stellar play. The Cowboys agree; they're willing to make that last payment today instead of in 4 years. What is the most the Cowboys should be willing to pay? (use 10% as the discount rate) 2. Present Value Dak Prescott's contract pays him $40 million per year. His last contract payment will be in exactly 4 years, for the full $40 million. Dak believes this last payment should be paid early as a reward for his stellar play. The Cowboys agree; they're willing to make that last payment today instead of in 4 years. What is the most the Cowboys should be willing to pay? (use 10% as the discount rate)
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