A rookie quarterback is in the process of negotiating his first contract. The team's general manager has offered him three possible contracts. Each of the contracts lasts for four years. All of the money is guaranteed and is paid at the end of each year. The payment terms of the contracts are listed below. Which of the three contracts is the best choice? The relevant interest rate is 5%. Either Contract 1 or Contract 2; each provides a present value of $5.10 million. Contract 1 i its present value is $4.56 million. Either Contract 2 or Contract 3 ; each provides a present value of $5.10 million. Contract 2 ; its present value is $6.10 million