12. What is the most you are willing to pay today for an investment that would return $300 1 year from today, $300 2 years from today, $300 3 years from today, $300 4 years from today, $300 5 years from today, $300 6 years from today, $300 7 years from today? Assume all investments earn an ganual interest rate of 3%, compounded annually. 13. A first-round draft choice quarterback has been signed (today) to a three-year, $10 million contract. The details provide for an immediate cash bonus of $1 million. The player is to receive $2 million is salary at the end of the first year, $3 million the next, and $4 million at the end of the last year. Assume a 10% discount rate, compounded annually. What is the package worth (in today's dollars)? $8.3 million $7.3 million $6.3 million $10 million $6.8 million A. B. C. D. B