what is the present value for Team's offer using a 14 percent discount rate and counter offer present value using 14 percent discount rate?

Problem 6.34 a-d (Part Level Submission) Joseph Moore, 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 tearn to restructure the contract. The team, though reluctant, obliged. Joseph and his agent came up with a counteroffer. Year Current Contract $7,725,000 $3,317,000 $2,709,000 $1,893,000 Team's offer $3,765,250 $3,482,850 $3,846, 780 $4,069,950 Counteroffer $5,021,250 $6,866,190 $3,630,060 $2,915,220 (a) Your answer is correct. 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.) Present value 12277945.38 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT By accessing this Question Assistance, you will leam while you earn points based on the Point Potential Policy set by your instructor, Attempts: 1 of 3 used Eam Maximum Points available only if you answer this question correctly in two attempts ar less. (b) What is the present values of Team's Offer using a 14 percent discount rate? (Round answer to 2 decimal places, e.g. 15.25. Do not round factor values.) Present value Click if you would like to show Work for this question: Goen Show Work