Question: A baseball player is offered a contract that will pay $1,796,959 per year for 6 years, followed by $2,100,890 per year for 6 years, followed

A baseball player is offered a contract that will pay $1,796,959 per year for 6 years, followed by $2,100,890 per year for 6 years, followed by $2,817,920 per year for 4 years. All contract payments are paid at the end of the year. If the player's required rate of return is 5.2%, how much is this contract worth? State your answer to the nearest whole dollar.

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