A famous quarterback just signed a $10.4 million contract providing $2.6 million a year for 4 years. A less famous receiver signed a $13.0 million 4-year contract providing $3 million now and $2.5 million a year for 4 years. The interest rate is 8%.

a. What is the PV of the quarterback's contract?

b. What is the PV of the receiver's contract?

c. Who is better paid?