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 $7$