Exercise 5-5 (Algo) Present value; single amount (LO 5-3) The four actors below have just signed a contract to star in a dramatic movie about relationships among hospital doctors. Filming is expected to take two years to complete. Each person signs independent contracts today with the following terms: Contract Terms Contract Amount Payment Date 2 Derek Isabel S $ 500,000 2 years Meredith George 540,000 450,000 3 years 400,000 Today 1 year Required: 1-a. Assuming an annual discount rate of 10%, calculate the present value of the contract amount. (EV of $1. PV of $1. EVA of $1, and PVA of $1) 1-b. Which of the four actors is actually being paid the most? Compl Com