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Jordan Spieth is considering a sponsorship opportunity to promote Taylor Made golf clubs. The deal will pay him: $14mm3 years from today -a $6mm annuity

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Jordan Spieth is considering a sponsorship opportunity to promote Taylor Made golf clubs. The deal will pay him: $14mm3 years from today -a $6mm annuity for 16 years starting 4 years from now - a terminal payment of $25mm in 27 years. What is the value of the contract today? Assume a 7% discount rate. Round to the nearest million $ and use the $ symbol. $63mm would be the form of a correct

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