A football player signed an \(\$ 11\) million 10 -year contract package with a football team he joined recently. Based on this contract, the football player will receive the following benefits; his yearly salaries start at \(\$ 300,000\) and go up yearly to \(\$ 400,000, \$ 500,000, \$ 600,000, \$ 700,000, \$ 1\) million, \(\$ 1.1\) million, \(\$ 1.2\) million, \(\$ 1.3\) million, and finally to \(\$ 1.4\) million in the 10 th year. Asides his salary, a \(\$ 2.5\) million bonus is available that will pay him \(\$ 500,000\) immediately and \(\$ 500,000\) each year from the 11th year to the 14th year. Calculate the total PW of the salaries and bonuses if the prevailing interest rate is \(8 \%\) compounded per year. Did the footballer get the value of his contract?