A famous quarterback just signed a contract for $16.2 million, providing $2.7 million a year for 6 years. A less famous receiver signed a contract for $15.2 million, providing $5 million now and $1.7 million a year for 6 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 Receiver