Paste La Copy 3 Format Painter BIU a. A Merge & Center $ Clipboard Font Alignment NE AutoSave OH M2 B C D E F G H A basketball player is offered the following contract today, Jan. 1, 2020: $2 million immediately, $2.40 million in 2020, $2.90 million in 2021, $3.60 million in 2022, and $3.80 million in 2023. Assume all payments other than the first $2 million are paid at the end of the year. If the appropriate discount rate is 10 percent per year, what is the 1 present value of the deal? 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16