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Gregorio Pucino, a professional soccer play is offered a 5 -year contract that pays him the following amount: 1 Under the terms of the agreement,
Gregorio Pucino, a professional soccer play is offered a 5 -year contract that pays him the following amount: 1 Under the terms of the agreement, all payments are made at the end of each year. Instead of accepting the contract, the soccer player asks his agent to negotiate a contract with a present value of $1.0 million more than that offered. In addition, the soccer player wants to receive his payments in the form of a 5-year annuity due. All cash flows are discounted at 10 percent. If the team agreed to the player's terms, what would be this player's annual salary in millions of dollars
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