Nike has just endorsed J.K. Dobbins. The deal is set for 10 years, cost Nike $15 million (Year O), and is expected to make $3,500,000 the first year (Year 1). Annual profit will continue to grow by 5% each year until year 10 (years 2-10). What is the Net Present Value of this Contract at Nike's 12% required rate of return? $7,544,330 $6,542,321 O $8,776,976