Check my work 11 In 2018, a running back signed a contract worth $67.5 million. The contract called for $10.5 million immediately and a salary of $4.1 million in 2018, $10.7 million in 2019, $10.5 million in 2020, $10 million in 2021 and 2022, and $11.7 million in 2023. 1 points If the appropriate interest rate is 11 percent, what kind of deal did the running back scamper off with? Assume all payments other than the first $10.5 million are paid at the end of the contract year. (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g 1,234,567.89.) eBook Print References Present value