$2-$ Net present value $($NPV$)$ is a financial metric used to determine the profitability of an investment or project. It is the difference between the present value of cash inflows and the present value of cash outflows over a period of time. In other words, it measures the value of future cash flows in today's dollars.

NBA Player is to receive a $$1,000,000$ signing bonus today and $$2,000,000$ one year, two years, and three years from now. Using $r=0\mathrm{.}10$ or $r=0\mathrm{.}12$ or $r=0\mathrm{.}01,$ find the net present value $($NPV$)$ of how much the player would receive. Would he be better off receiving the $$6,0000,0000$ today? Use the radio button control to allow the user to select which rate to use.

NPV

$12$

$13$

$14$

$14$

$15$

$16$

$17$

$18$

$18$

$19$

$20$

$21$

$21$

$22$

$22$

$23$

$24$

$25$