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Marquix Santos has been offered three NFL contracts. Identify the present value of each contract and determine which contract Marquix should select using a discount

Marquix Santos has been offered three NFL contracts. Identify the present value of each contract and determine which contract Marquix should select using a discount rate of 10%. Round each contract to the nearest cent (2 decimal places).
Eagles Contract
978,000 signing bonus, immediate
365,000 at the end of years 1-5
450,000 at the end of year 6-7
Bengals Contract
1,500,000 signing bonus, immediate
300,000 at the end of years 1-4
500,000 at the end of year 5
550,000 at the end of years 6 and 7
Vikings Contract
No signing bonus
400,000 at the end of years 1-5
650,000 at the end of year 6
850,000 at the end of year 7
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