A local bank advertises the following deal: Pay us $100 at the end of each year for 11 years and then we will pay you (or your beneficiaries) $100 at the end of each year forever. a. Calculate the present value of your payments to the bank if the interest rate is 5.25%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value b. What is the present value of a $100 perpetuity deferred for 11 years if the interest rate is 5.25%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value c. Is this a good deal? Yes O No A famous quarterback just get a new compensation contract, which provides $2.1 million a year for 6 years. A less famous receiver signed a new compensation contract, which provides $5 million now and $1.1 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.) Present value million 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.) Present value million c. Who is better paid? O Quarterback O Receiver