Kevin James, a top college basketball player from oxford University, signed a $30 million package with the Ottawa Dinosaurs. The terms of the contract states that the player receives $3 million immediately, $0.7 million per year for the first 3 years (with the first payment after one year), and $1.5 million per year for the next 3 years (with the first payment at the end of year 4). If the interest rate is 4% per year, what would his contract be worth at the time he signs it?