Question: QUESTION 10 7 points A baseball player is offered a contract that will pay $1,525,351 per year for 3 years, followed by $2,262,545 per year

QUESTION 10 7 points A baseball player is offered a contract that will pay $1,525,351 per year for 3 years, followed by $2,262,545 per year for 5 years, followed by $2,879,660 per year for 6 years. All contract payments are paid at the end of the year. If the player's required rate of return is 3.7%, how much is this contract worth? State your answer to the nearest whole dollar

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