Question Help (Present value of a complex stream) Don Draper has signed a contract that will pay him $40,000 at the end of each year for the next 6 years, plus an additional $100,000 at the end of year 6. If 8 percent is the appropriate discount rate, what is the present value of this contract? a. What is the present value of $40,000 at the end of each year for the next 6 years if the discount rate is 8 percent? (Round to the nearest cent.) b. What is the present value of $100,000 at the end of year 6 if the discount rate is 8 percent? $ (Round to the nearest cent.) c. What is the total present value of this contract? (Round to the nearest cent.)