Question 15 1 pts A sports team, in an effort to solve the salary cap problem, has offered a player a contract of $1 million a year for the next season with the payments growing at 7% per year for the next 25 years. The discount rate is 13%. What is the value of this contract today? O Can not be calculated because one must know the sport. O $5,824,965.76 O $12,405,955.40 $884.956.09 $16,666,666.67