Question 17 of 20 < > -/3 Jason Allen, a professional athlete, currently has a contract...

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Question 17 of 20 < > -/3 Jason Allen, a professional athlete, currently has a contract that will pay him a large amount in the first year of his contract and smaller amounts thereafter. He and his agent have asked the team to restructure the contract. The team, though reluctant, obliged. Jason and his agent came up with a counteroffer. Year Current Contract Team's Offer Counteroffer 1 $7,253,000 $3,553,970 $4,714,450 2 $3,537,000 $3,713,850 $7,321,590 3 $2,553,000 $3,625,260 $3,421,020 4 $1,842,000 $3,960,300 $2,836,680 Problem 6.34 a-d(a) What is the present values of Current Contract using a 14 percent discount rate? (Round answer to 2 decimal places, e.g. 15.25. Do not round factor values.) SUPPORT Question 17 of 20 < > -/3 Jason Allen, a professional athlete, currently has a contract that will pay him a large amount in the first year of his contract and smaller amounts thereafter. He and his agent have asked the team to restructure the contract. The team, though reluctant, obliged. Jason and his agent came up with a counteroffer. Year Current Contract Team's Offer Counteroffer 1 $7,253,000 $3,553,970 $4,714,450 2 $3,537,000 $3,713,850 $7,321,590 3 $2,553,000 $3,625,260 $3,421,020 4 $1,842,000 $3,960,300 $2,836,680 Problem 6.34 a-d(a) What is the present values of Current Contract using a 14 percent discount rate? (Round answer to 2 decimal places, e.g. 15.25. Do not round factor values.) SUPPORT