26. Solve each of the following independent cases using the present value tables: The following actual contracts signed by athletes: a. $28,000,000 contract, payable at $2,000,000 per year for 14 years. b. $31,500,000 contract, payable at $1,575,000 per year for 20 years. c. $24,000,000 contract, payable at $2,400,000 per year for 10 years. Determine the present value of each contract and indicate (with explanation) which contract you would prefer to have. Assume an 88 interest rate