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braggart McGee was recently drafted to play professional football for the Springfield Swindlers. the swindlers offered Braggart a $32,000,000 Braggart McGee was recently drafted to

braggart McGee was recently drafted to play professional football for the Springfield Swindlers. the swindlers offered Braggart a $32,000,000
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Braggart McGee was recently drafted to play professional football for the Springfield Swindlers. The Swindlers offered Braggart a $32,000,000 four-year contract. He would be paid $1,500,000 at the end of the first year, $2,500,000 at the end of the second year, $3,000,000 at the end of the third year, and $25,000,000 at the end of the fourth year. Braggart's agent is trying to persuade him to make a counter-offer of $21,000,000 at the end of the first year and $2,000,000 at the end of years two, three, and four. Braggart does not understand why he would counter, a $32,000,000 offer with a $27,000,000 request. The appropriate interest rate is 4%. What is the present value of the Swindlers' offer? What is the present value of the possible counter-offer? Change the interest rate from 4% to 12% and recalculate. What is the present value of the Swindlers' offer? What is the present value of the possible counter-offer? Round to the nearest whole number and no commas

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