A creative general manager has offered two different contracts to a vain quarterback. The contracts are shown below: CONTACT A CONTRACT B YEAR SALARY YEAR SALARY 0 $510,600.00 0 $301,350.00 1 $510,600.00 1 $301,350.00 2 $510,600.00 $810,200.00 2 3 3 $510,600.00 $810,200.00 $510,600.00 4 $810,200.00 The newspapers report the total dollars of the contract, so contract A will pay a total of $2,553,000.00 while contract B will pay $3,033,300.00. The player will select contract B as it has more publicity. The team can earn 6.00% on their investments, so let's determine the value of each contract. What is the present value of contract A? Submit Answer format: Currency: Round to: 2 decimal places