A rookie quarterback is negotiating his first NFL contract. His opportunity cost is 8%. He has been offered three possible 4 year contracts. Payments are guaranteed, and they would be made at the end of each year. Terms of each contract are listed below: Contract 1 $2, 500,000 $2, 500,000 $2, 500,000 $2, 500,000 Contract 2 $2,000,000 $3, 500,000 $4,000,000 $5, 500,000 Contract 3 $6, 500,000 $1, 500,000 $1, 500,000 $1, 500,000 As his adviser, which contract would you recommend that he accept and why