Billy Bob! The newspapers claim that he is making $5.7 million a year. He claims that this is not true in a present value sense and that he will really be making the following amounts for the next 5 years: Year Amount 0 (now) $ 5.5 million (Sign up Bonus) 1 $ 4 million 2 $ 4 million 3 $ 4 million 4 $ 4 million 5 $ 7 million a. Assuming that Billy can make 7% on his investments, what is the present value of his contract? b. If you wanted to raise the nominal value of his contract to $30 million, while preserving the present value, how would you do it? (You can adjust only the sign up bonus and the final year's cash flow.)