Question: offer 1 $ 9 3 4 , 7 2 0 immediate signing bonus $ 8 5 0 , 0 0 0 at the end of

offer 1
$934,720 immediate signing bonus
$850,000 at the end of each year for the next 5 years
Offer 2
$217,360 immediate signing bonus
$100,000 at the end of Years 1 through 4
$150,000 at the end of Years 5 through 10
$1,000,000 and the end of Years 11 through 40
Offer 3
$1,006,944 immediate signing bonus
$500,000 at the end of Year 1
$1,000,000 at the end of Year 2
$1,500,000 at the end of Year 3
$2,500,000 at the end of Year 4
$184,720 bonus for any year Luke is selected to play in the Pro Bowl All Star game (25% probability in each year)
Canadian Football League
$1,134,720 immediate signing bonus
$2,000,000 at the end of Years 1 through 3
Only signing bonus is guaranteed (80% probability of being on team each year)
What is the total value of contract #3?

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