A famous quarterback just signed a $14.0 million contract providing $2.8 million a year for 5 years. A less famous receiver signed a $13.0 million 5-year contract providing $4 million now and $1.8 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.)

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
	Receiver