Question 31 6 pts Bill Wilson's cousin, Luigi, also received a football contract offer with the following terms: Signing Bonus: $500,000 $500,000 at the end of year one $600,000 at the end of year two $750,000 at the end of year three $3,000,000 at the end of each year 4 - 10. Luigi assumes he can earn 3% annually over the life of the contract. What is the Present Value of this football contract> $19,321,641 O $18,821,641 $19,342,125 O $18,842,125 Question 32 6 pts Notwithstanding the previous question, Luigi did some calculating and used $20,000,000 as a baseline pot for what the Present Value of the prior question #31 was worth. If he actually had that amount of money, then how much could Luigi pay himself as a retirement annuity for each of the next 43 years assuming a 7% rate of interest? $1,515,837 O $1,415,837 $1,409,972 O $1,408,072