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A famous quarterback just signed a $13.6 million contract providing $3.4 million a year for 4 years. A less famous receiver signed a $12.6 million

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A famous quarterback just signed a $13.6 million contract providing $3.4 million a year for 4 years. A less famous receiver signed a $12.6 million 4 -year contract providing $3 million now and $2.6 million a year for 4 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.) 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.) c. Who is better paid? Quarterback Recelver

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