Question: Current Attempt in Progress Thomas Taylor, a professional athlete, currently has a contract that will pay him a large amount in the first year of

Current Attempt in Progress Thomas Taylor, a professional athlete, currently has

Current Attempt in Progress Thomas Taylor, a professional athlete, currently has a contract that will pay him a large amount in the first year of his contract and smaller amounts thereafter. He and his agent have asked the team to restructure the contract. The team, though reluctant, obliged. Thomas and his agent came up with a counteroffer. (a) What is the present values of Current Contract using a 14 percent discount rate? (Round answer to 2 decimal ploces, es. 15.25. Do. not round foctor valuest Prosent value \$

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