Q3 A. (20 Marks) A first class cricket player has been signed to a three year, $25 million contract. The details provide for an immediate cash bonus of $2 mil. The player is to receive $5 million in salary at the end of the first year, $8 million the next, and $10 million at the end of the last year. Assuming a 15% discount rate, is this package worth $25 million? If not, how much is it worth