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Rocky Wagner, a free-agent outfielder, received two offers to play baseball in 2019: Braves - will pay him $12,200,000 immediately. Indians - will pay him

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Rocky Wagner, a free-agent outfielder, received two offers to play baseball in 2019: Braves - will pay him $12,200,000 immediately. Indians - will pay him $2,900,000 immediately plus three equal annual installments of $X, commencing one year from now. Calculate X such that Rocky would be indifferent between the two offers (assume an interest rate of 8%)

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