Jordan Michael just signed a $$12$ million, six$-$year contract with the Chicago Bulls. Here

are the timing of the payments received:

$C{F}_0$ : A signing bonus of $$1\mathrm{.}5$ million;

$C{F}_1$ : Salary of $$1\mathrm{.}0$ million;

$C{F}_2$ : Salary of $$3\mathrm{.}0$ million;

$C{F}_3$ : Salary of $$3\mathrm{.}0$ million;

$C{F}_4$ : Salary of $$1\mathrm{.}0$ million;

$C{F}_5$ : Salary of $$2\mathrm{.}5$ million;

Jordan can earn $9\%$ per year on his money.

What is the Net Present Value of his contract?

$$8\mathrm{.}3m$

$$13\mathrm{.}2m$

$$9\mathrm{.}59m$

$$12m$