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need help with C Chris Anderson, a professional athlete, currently has a contract that will pay him a large amount in the first year of

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Chris Anderson, a professional athlete, currently has a contract that will pay him a large amount in the first year of his contract and smaller amounts thereafter. He and his agent have asked the team to restructure the contract. The team, though reluctant obliged. Chris and his agent came up with a counteroffer. Year Current Contract Team's Offer Counteroffer 1 $7.456,000 $3,653,440 $4,846,400 2 $3.277.000 $3,440,850 $6,783,390 3 $2,702,000 $3,836,840 $3,620,680 $1,625,000 $3,493.750 $2,502,500 4 (a) Your answer is correct. What is the present values of Current Contract using a 14 percent discount rate? (Round answer to 2 decimal places, c.8. 15.25 Do not round factor values.) Precent value $ 1184779946 Your answer is correct. What is the present values of Team's Offer using a 14 percent discount rate? (Round answer to 2 decimal places, eg. 15.25. Do not round factor values.) Present value $ 105 1073246 (c) What is the present values of Counteroffer using a 14 percent discount rate? (Round answer to 2 decimal places, eg. 15.25. Do not round factor values.) Present value $

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