John, the star defender for FCBs Super Youth Team, is thinking about making himself available for the professional Football draft. Scouts estimate that John could receive a signing bonus of 1 million Dollar today (t = 0) along with a 5-year contract for 3 million Dollar per year (the first payment made at the end of year 1, t = 1)). They further estimate that after the first contract matures, he could negotiate a second contract for 5 million Dollar per year for the remaining seven years of his career (the payments would be made at the ends of the years with the first payment occurring at t = 6).

The scouts believe, however, that John will be a much higher draft pick if he improves by playing in the Super Youth Team for two more years. If he stays at the youth team for two more years, he is expected to receive a 2 million Dollars signing bonus in two years (t = 2) along with a 5-year contract for 5 million Dollars per year with the first payment made at the end of year 3 (t = 3). After the first contract matures, the scouts expect John to obtain another 5-year contract for 6 million Dollar per year to take him into retirement (the payments would be made at the ends of the years with the first payment occurring at t = 8).

Assume that John can earn a 10 percent return over this time. Should John stay on the youth team for two more years or go professional today? Explain. (Calculations required) please show all the input entries clearly.