In 2021, a basketball player signed a contract reported to be worth $98.5 million. The contract was to be paid as $14.7 million in 2021, $14.9 million in 2022, $17.1 million in 2023, $17.2 million in 2024, $17.2 million in 2025, and $17.4 million in 2026. If the appropriate interest rate is 9 percent, what kind of deal did the player dunk? Assume all payments are paid at the end of the year. -Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89. Present value

In 2021, a basketball player signed a contract reported to be worth $98.5 million. The contract was to be paid as $14.7 million in 2021 . $14.9 million in 2022, $17.1 million in 2023,$17.2 million in 2024, $17.2 million in 2025, and $17.4 million in 2026. If the appropriate interest rate is 9 percent, what kind of deal did the player dunk? Assume all payments are paid at the end of the year. Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimal places, e.g., 1,234,567.89