A local newspaper headline blared, "Bo Smith Signed for $30 Million. A reading of the article revealed that on April 1, 2014, Bo Smith, the former record-breaking running back from Football University, signed a $30 million package with the Dallas Rangers. The terms of the contract were $3 million immediately, $2.4 million per year for the first five years (with the first payment after one year) and S3 million per year for the next five years (with the first payment at year 6). If Bo's interest rate is 8% per year what would his contract be worth at the time he signs it? Click the icon to view the interest factors for discrete compounding when ,-8% per year More Info The contract will be worth S millions at the time Bo signs it. (Round to two decimal places.) Compound Present Compound Sinking Present Capital Amount Worth Recovery Factor (FIA, ?N) 1.0000 2.0800 Factor Factor (AF, i, N) 1.0000 0.4808 0.3080 0.2219 0.1705 (F/P i, N) (P/F, i, N) (P/A, i, N) 1.0800 1.1664 1.2597 1.3605 1.4693 0.9259 0.8573 0.7938 0.7350 0.6806 (AP, i, N) 1.0800 0.5608 0.3880 0.3019 0.2505 0.9259 2.5771 3.3121 3.9927 4.5061 1.5869 17138 1.8509 1.9990 2.1589 7.3359 8.9228 10.6366 12.4876 14.4866 0.1363 0.1121 0.0940 0.0801 0.0690 4.6229 5.2064 5.7466 6.2469 6.7101 0.2163 0.1921 0.1740 0.1601 0.1490 0.5835 0.5403 0.4632 PrintDone Enter your answer in the answer box and then click Check