1. In 2016, the Golden state warriors signed Stephen Currey to a 5-year $201 Million contract. This amount is paid out over the next 5-years. The amount paid each year increases by 8% per year andthe interest rate is 2%. What is the present value of Stephen Curreys contract? (Enter your answer in millions)

2. Joey started a hedge fund in UK. She has decided to invest in Netflix with a P/E ratio of 84.65. An investor argues that he shouldve invest in Comcast instead since it has higher profitability ratio (measured using ROA/ROE), and is less expensive (measured using P/E). Given this statement, does Comcast have a larger or a smaller P/E ratio than Netflix? How can Joey justify her investment in Netflix? Hint: why is Netflix more expensive than Comcast?