1 Suppose Mats Sundin decided to make another comeback with the Toronto Maple Leafs in 2006. The Leafs offer hum a two-year contract in January 2016 with the following provisions $5.3 million per year for be years Seven years of deferred payments of $1.6 million per year, starting at the and of your 2 Assume that Mats achieved his bonus requirements both years and he signed the contract right away on January 1, 2010. Assume that cash flows are discounted at 10.3 percent Ignore any taxes Mats signing bonus was paid on the day the contract was signed. He salary and bonuses, other than the signing bonus, are paid at the end of the year. What was the PV of this contract in January when Mats signed it? (Do not round intermediate calculations. Round the answer to 2 decimal places. Omit $ sign in your response) Present value