Captain America will receive $200,000 per year starting on his 35^th birthday and ending on his 60^th birthday (his last payment will be on his 60^th birthday). He then will receive $400,000 every six months starting six months after the last payment of $200,000 and ending on his 89^th birthday. He will also receive $16,000,000 on his 90^th birthday and another $16,000,000 on his 95^th birthday.

Assuming its their 32^nd birthday today and they have a 12% (semi-annual) opportunity cost. SHOW ALL WORK as presented in lectures and solutions. Make your decision using the present value concept.