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A famous quarterback just signed a $ 1 9 . 5 million contract providing $ 3 . 9 million a year for 5 years. A

A famous quarterback just signed a $19.5 million contract providing $3.9 million a year for 5 years. A less famous receiver signed a
$18.5 million 5-year contract providing $4 million now and $2.9 million a year for 5 years. The interest rate is 10%.
a. What is the PV of the quarterback's contract?
Note: 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?
Note: Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.
Present value
million
c. Who is better paid?
Quarterback
Receiver
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