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Jaylen Brown, a forward for the Boston Celtics, has been offered a seven - year, $ 7 5 0 million contract, where he will be

Jaylen Brown, a forward for the Boston Celtics, has been offered a seven-year, $750 million contract, where he will be paid $90 million a year for the next three years, and $120 million a year for the following four years. The appropriate discount rate is 8%.
(a) What is the present value of this contract?
(b) He is weighing an alternative offer from the Los Angeles Lakers, where he will be paid $80 million a year for the next seven years and an additional $250 million at the end of the seventh year. What is the present value of this contract?
(c) What would the payment at the end of the seventh year need to be for Jaylen Brown to be indifferent between the two offers?

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