Question: please show me the steps you take to get this answer The contract signed in February 2018 by Jimmy Garoppolo that we discussed at the

please show me the steps you take to get this answer

The contract signed in February 2018 by Jimmy Garoppolo that we discussed at the beginning of the chapter was actually paid as a $35 million signing bonus to be paid immediately and a $7.6 million salary for 2018. The remaining salary was $18.6 million in 2019, $25.2 million in 2020, $25.5 million in 2021, and $25.6 million in 2022. If the appropriate interest rate is 13 percent, what kind of deal did the quarterback toss? Assume all payments other than the first $35 million are paid at the end of each year. (Do not round intermediate calculations and enter your answer in dollars, not millions, rounded to 2 decimal places, e.g., 1,234,567.89.) Present value $ 107.36

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