Net Present Value Calculated under the Discounted Cash Flow Income Approach As described in Sidebar 4.C, the Silna family had a contract to receive 1/7 th of the television revenue of four NBA teams (Denver Nuggets, San Antonio Spurs, Brooklyn Nets, and Indiana Pacers) in perpetuity. The NBA's television deal running from the 2008-2009 season through the 2015-2016 season paid the family $18.9 million annually. Use the above information and the following parameters to calculate the NPV of the contract 1. The valuation date is January 1,2009 2 Assume that the Stnas received their first payment on January 1,2009 , and that the payments will continue annually thereater 3 Assume that the Sinas are taxed at 35% for their income