n September 2011, the Tennessee Titans signed running back Chris Johnson to a contract reportedly worth $56 million. Johnsons salary included a $10 million signing bonus to be paid immediately and $3 million in salary for 2011. The remaining salary was $8 million in 2012, $10 million in 2013, $8 million in 2014 and 2015, and $9 million in 2016.

Required: If the appropriate interest rate is 11 percent, what kind of deal did the running back scamper off with? Assume all payments other than the first $10 million are paid at the end of the contract year. (I got 41.33, but said it was wrong)