Question: Please answer the following A famous quarterback just signed a contract for $8 million, providing $2.7 million a year for 4 years. A less famous

Please answer the following Please answer the following A famous quarterback just signed a contract

A famous quarterback just signed a contract for $8 million, providing $2.7 million a year for 4 years. A less famous receiver signed a contract for $7.0 million, providing $3 million now and $22 million a year for 4 years. The interest rate is 8% a. What is the PV of the quarterback's contract? (Do not round Intermedlate calculetions. Enter your answer In millions rounded to i2 declmal places.) 3 Answer is complete but not entirely correct. 24.02million b. What is the PV of the receiver's contract? (Do not round Intermedilate calculations. Enter your answer In milililons rounded to 2 decimal places.) Present l lemon? value e. Who is better paid? O Quarterback e Receiver

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