1. The four actors below have just signed a contract to star in a dramatic movie about relationships among hospital doctors. Each person signs independent contracts with the following terms: Derek Isabel Meredith George Contract Terms Contract Payment Amount Date $600,000 2 years 640,000 3 years 500,000 Today 500,000 1 year Required: 1-a. Assuming an annual discount rate of 9%, calculate the present value of the contract amount. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Present Value Derek $ 505,008.00 Isabel 494,125.20 X Meredith 500,000.00 458,715.00 George 2.Selected financial data for Bahama Bay and Caribbean Key are as follows: ($ in millions) Total assets Total liabilities Total stockholders' equity Bahama Bay 2021 2020 $ 8,861 $ 9,560 5,724 6,606 3,137 2,954 Caribbean Key 2021 2020 $ 7,640 $ 7,507 2,819 2,689 4,821 4,818 Sales revenue Interest expense Tax expense Net income $6,321 170 148 562 $3,949 70 8 88 2-a. Calculate the return on assets for Bahama Bay and Caribbean Key. (Do not round intermediate calculations. Round ratios answers to 1 decimal place. Enter your answer in millions. (i.e., $5.5 million should be entered as 5,500,000.).) Answer is complete but not entirely correct. Return on Assets Ratio Net income Total assets x Bahama Bay 6.3% $ 562 $ 8,861.0 X Net income Total assets X Caribbean Key 1.2% 88 7,640.0 3-a. Calculate the times interest earned ratio for Bahama Bay and Caribbean Key. (Do not round intermediate calculations. Round ratios answers to 1 decimal place. Enter your answer in millions. (i.e., $5.5 million should be entered as 5,500,000.).) Answer is complete but not entirely correct. Times Interest Earned Ratio Net income Interest Bahama Bay 5.2 IS 880 $ 170 Net income Interest Caribbean Key 2.4 $ 166 $ 70 Net income Caribbean Key 10 Net income Net income + Interest + Taxes Stockholders' equity Total assets Total liabilities