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A famous quarterback just signed a contract for $14 million, providing $26 million a year for 4 years. A less famous receiver signed a contract

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A famous quarterback just signed a contract for $14 million, providing $26 million a year for 4 years. A less famous receiver signed a contract for $13 0 million, providing $3 million now and S25 million a year for 4 years. The interest rate is 8% 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.) Present value 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.) value c. Who is better paid? O Quarterback O Receiver

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