A famous quarterback just signed a $16.5 million contract providing $3.3 million a year for 5 years. A less famous receiver signed a $15.5 million 5-year contract providing $4 million now and $2.3 million a year for 5 years.The interest rate is 10%.

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? Quarterback or Receiver