Question: Question 1 2 pts Baker Mayfield signed a three-year $25 million contract. The details provide for an immediate cash bonus of $2 million. Baker is

Question 1 2 pts Baker Mayfield signed a three-year $25 million contract. The details provide for an immediate cash bonus of $2 million. Baker is to receive $5 million in salary at the end of the first year, $8 million at the end of the second, and $10 million at the end of the third year. Assuming a 15 percent discount rate, calculate the present value of his contract 2 million 18.97 million 16,44 million 21.22 million 25 million

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