year through $2039.$

adding up his $$29$ million yearly salary over $5$ years

Do you agree with the author that the contract was actually worth $$145$ million to Sale?

The author is

$,$ the total worth of Sale's contract will be

$$145$ million once you consider the present value of all future payments.

the end of this year, his second payment at the end of next year, and his third payment at the end of the following year.

At the beginning of this year, what is the present value of the salaries he will receive for these $3$ years if the interest rate is $8\%?$

The present value of these payments would equal $ million. $($Round your answer to $2$ decimal places$)$