Question: please solve A famous quarterback just signed a $12.8 milion contract providing $3.2 million a year for 4 years. A less famous receiver signed a

please solve

A famous quarterback just signed a $12.8 milion contract providing $3.2 million a year for 4 years. A less famous receiver signed a $8.6 million 4 year contract providing $3 million now and $2.5 million a year for 4 years. The interest rate is 9%. a. What is the PV of the quarterback's contract? (Do not round intermediate calculations. Enter your answer in mililons rounded to 2 decimal places.) b. What is the PV of the receiver's contract? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)

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