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5-634 Tirade Owens, a professional athlete, currently has a contract that will pay him a large amount in the first year of his contract and

5-634

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Tirade Owens, a professional athlete, currently has a contract that will pay him a large amount in the first year of his contract and smaller amounts thereafter. He and his agent have asked the team to restructure the contract. The team, though reluctant, obliged. Tirade and his agent came up with a counteroffer. What is the present values of Current Contract using a 14 percent discount rate? (Round answer to 2 decimal places, e.g. 15.25.) What is the present values of Team's Offer using a 14 percent discount rate? (Round answer to 2 decimal places, e.g. 15.25.) By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor

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