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Congratulations! You have been hired as an agent representing Johnny Baseball. Johnny doesnt care about risk, but he discounts the future at a rate of

Congratulations! You have been hired as an agent representing Johnny Baseball. Johnny doesnt care about risk, but he discounts the future at a rate of 10% per year. Johnny has an offer of $20 million a year for the four years 0 through 3 from the Red Sox. The Guardians are going to make Johnny an offer where he plays in the minor league for year zero at $1 million and then plays for 3 years at a constant salary. How large does that salary need to be for Johnny to take it over the Red Sox offer

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