JoJo the Cucumber has been offered $14 million to star in the lead role of the next three JoJo Boy adventure movies. If JoJo takes this offer, he will have to forgo acting in other Veggie movies that would pay him $5.5 million at the end of each of the next three years. Assume JoJo's personal cost of capital is 10% per year.

a. Should JoJo accept this deal offer? Why?

b. If the other Veggie movies would pay him $5.5 million at the beginning of each of the next three years, which offer should JoJo take? Why?