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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: Required: 1-a. Assuming an annual discount rate of 8%, calculate the present value of the contract amount. (FV of \$1, PV of \$1, FVA of \$1, and PVA of \$1) 1-b. Which of the four actors is actually being paid the most? Answer is not complete. Complete this question by entering your answers in the tabs below. Assuming an annual discount rate of 8%, calculate the present value of the contract amo Note:Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places