A creative general manager has offered two different contracts to a vain quarterback. The contracts are shown below: CONTACT CONTRACT YEAR SALARY 0 $524,900.00 1 $524,900.00 2 $524,900.00 3 $524,900.00 4 $524,900.00 YEAR SALARY 0 $307,350.00 1 $307,350.00 2 $806,000.00 3 $806,000.00 4 $806,000.00 The newspapers report the total dollars of the contract, so contract A will pay a total of $2,624,500.00, while contract B will pay $3,032,700.00. The player will select contract B as it has more publicity. The team can earn 8.00% on their investments, so let's determine the value of each contract. What is the present value of contract B