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A famous quarterback just signed a $10.5 million contract providing $2.1 million a year for 5 years. A less famous receiver signed a $10.0 million

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A famous quarterback just signed a $10.5 million contract providing $2.1 million a year for 5 years. A less famous receiver signed a $10.0 million 5-year contract providing $4 million now and $1.2 million a year for 5 years. The interest rate is 10%. 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.) Answer is complete and correct. Present value 8.03 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.) Answer is complete but not entirely correct. $ Present value 9.20 million

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