A creative general manager has offered two different contracts to a vain quarterback. The contracts are shown below: The newspapers report the total dollars of the contract, so contract A will pay a total of $2,607,500.00, while contract B will pay $3,008,250.00. The player will select contract B as it has more publicity. The team can earn 5.00% on their investments, so let's determine the value of each contract. What is the present value of contract A ? Answer Format: Currency: Round to: 2 decimal places