appropriate values to evaluate the contract and answer the related questions. Note: To clarify possible sources of confusion and simplify your calculations: 0 Assume that all bonuses are earned in each of the years for which they are available and are paid at the end of the corresponding year(s), unless specifically stated differently. Their value should he based on the salary in effect at the time the bonuses were earned. 9 The endorsement proceeds are paid in accordance with the terms of the deal. 9 Remember that the timing of a cash flow affects the Interest rate that is used to discount the cash flow. For example, annual Interest rates should be used to discount annual cash flows and monthly interest rates are used to discount monthly cash flows. Therefore, it may be necessary to compute the appropriate Interest rate that should be used in a discounting calculation. 0 Round aIl dollar amounts to the nearest whole dollar and carry out all interest rate factors to four decimal places. 9 When entering intermediate values as answer choices, be sure to round them to the nearest dollar, however when using those same values to calculate another answer, do not round. offer, call me and we'll discuss your options. Congrats again! Salary and Incentives: 0' Nick Nohitter hereafter referred to as the \"Player,' is offered a four-year contract with an annual salary of $4?4,UUU per year, to be paid at the end of each month in the contract term. 0 Under the league's collective bargaining agreement, the Player will receive a 4% costof living adjustment (COLA) to his annual salary at the