Saint Peter's incredible underdog run in the men's NCAA tournament has been the talk of March Madness, and it looks like its players are starting to cash in. And rightfully so, Peacocks guard Doug "Buckets" Edert announced on Instagram that he's signed a name, image and likeness deal with Buffalo Wild Wings amid his team's recent success. Q. Buffalo Wild Wings proposed 2 options to fulfill his sponsorship agreement. Option 1: $60,000 this year and next year Option 2: $25,000 each year for the next 5 years As a financial advisor, assess the real value of each contract under two different scenarios (when the discount rate is 2% discount rate is 5% ). (1) Determine the PV of each option at a discount rate of 2%. Which becomes the preferred option? (2) Determine the PV of each option at a discount rate of 5%. Which becomes the preferred option