A college wants to sign a media rights deal for the airing of their games on television. The school has asked for your advice regarding the offers it has received. Evaluate the following offers: ESPN is offering a 10-year contract paying $25,000 per year; Fox Sports is offering a 12-year contract initially paying $15,000 per year and increasing 5% each year; Amazon is offering and a 8-year contract initially paying $20,000 per year but increasing 12% each year. 1. What is the present value of each year for each contract, as well as the total present value? 2. Which contract do you believe the school should pick? 3. What considerations should the school have other than just the total value of the contract? 4. With all things considered which contract would you recommend the school choose and why? To complete the case, the first thing to do is determine the nominal value of each year in each scenario