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A famous quarterback just signed a $15 million contract providing $3 million a year for 5 years. A less famous receiver signed a $14 million

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A famous quarterback just signed a $15 million contract providing $3 million a year for 5 years. A less famous receiver signed a $14 million 5-year contract providing $4 million now and $2 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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