NBA rookie contracts are offered based on their NBA Rookie Scale for the season. The table below shows the 2022-2023 NBA Rookie salary scale for the first three picks. Players selected in the first round of the NBA draft are given 4-year contracts. Suppose that the four years of the deal are fully guaranteed at 100% of the amounts showed in the table. Suppose that rookies receive the full amount of their salary at the beginning of each year. If the rookies can place their money at 7% per annum effective, find the present value of the 4-year contract for each of the first three picks