A famous quarterback has just signed a $12.6 million contract that provides $2.1 million a year for 6 years. A less famous catcher signed a 6-year, $11.6 million contract that provides $5 million now and $1.1 million a year for 6 years. The interest rate is 9%.

a.	What is the PV of the quarterback's contract? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)

Present value

$ million

b.	What is the PV of the receiver's contract? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.)

Present value

$ million

C.

Who is better paid?

	Receptor
	attack player