Please answer both :)

A baseball player is offered a 5 -year contract that pays him the following amounts: Year 1: $1.6 million Year 2: $2.6 million Year 3:$2.3 million Year 4: $1.2 million Year 5: \$1.1 million Under the terms of the agreement all payments are made at the end of each year. Instead of accepting the contract, the baseball player asks his agent to negotiate a contract that has a present value of $3 million more than that which has been offered. Moreover, the player wants to receive his payments in the form of a 6 -year annuity due. All cash flows are discounted at 11.9 percent. If the team were to agree to the player's terms, what would be the player's annual salary (in millions of dollars)? Question 5 Your uncle has $108,951 invested at 6.7 percent, and he now wants to retire. He wants to withdraw $14.246 at the end of each year, starting at the end of this year. He also wants to have $36,471 left to give you when he ceases to withdraw funds from the account. For how many years can he make the $14,246 withdrawals and still have $36,471 left in the end? 8.17 7.67 8.67 9.17 9.67