Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate comple Required: 1-a. Assuming an annual discount rate of 8%, calculate the present value of the contract amount. (FV of $1,PV of $1,FVA of $1, and PVA of \$1) 1-b. Which of the four actors is actually being paid the most? Answer is complete but not entirely corrent. Complete this question by entering your answers in the tabs below. Assuming an annual discount rate of 8%, calculate the present value of the contract amount. Note:Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places