Answer the following questions: 1. What is the primary purpose of a corporation? A. To expand market share To issue more shares 19 To maximize wealth for the shareholders To save the whales E. To provide more revenue for Professor Teddy 2. Seaside Events, Inc. has just signed a $2.2 million contract. The contract calls for a payment of $0.6 million today, $0.8 million one year from today, and $0.8 million two years from today. What is this contract worth today (present value) if the firm can earn 8.2 percent on its money? $2,038,616.67 $2,022,709.37 $2,108,001.32 $2,124,339.07 E. $2,202,840.91