In2024, a basketball player signed a contract reported tobe worth $92.7 million. The contract was tobe paid as $13.7 million in2024, $14.1 million in2025, $16.1 million in2026, $16.2 million in2027, $16.2 million in2028, and $16.4 million in2029.If the appropriate interest rate is7 percent, what kind of deal did the player dunk? Assume all payments are paid at the end of the year. Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to2 decimal places, e.g.,1,234,567.89.In2024, a basketball player signed a contract reported tobe worth $92.7 million. Thecontract was tobe paid as $13.7 million in2024,$14.1 million in2025,$16.1 million in2026, $16.2 million in2027,$16.2 million in2028, and $16.4 million in2029.If theappropriate interest rate is7 percent, what kind of deal did the player dunk? Assume allpayments are paid at the end of the year.Note: Do not round intermediate calculations and enter your answer in dollars, notmillions of dollars, rounded to2 decimal places, e.g.,1,234,567.89.