Exercise C-3 Calculate the present value of a single amount (LOC-2) The four actors below have just signed a contract to star in a dramatic movie about relationships among hospital doctors. Each person signs independent contracts with the following terms: Contract Terms Contract Payment Amount Date Derek Isabel $450,000 2 years Meredith. George Today 350,000 1 year 490,000 3 years 525,000 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) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) Present Value Derek Isabel Meredith George