A famous quarterback just signed a contract for $16.5 million, providing $3.3 million a year for 5 years. A less famous receiver signed a contract for $15.5 million, 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?(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