Solve each of the following independent cases using the present value tables: The following actual contracts signed by athletes: a. $32,900,000 contract, payable at $2,350,000 per year for 14 years. b. $34,200,000 contract, payable at $1,710,000 per year for 20 years. c. $27,610,000 contract, payable at $2,510,000 per year for 11 years. Determine the present value of each contract and indicate (with explanation) which contract you would prefer to have. Assume a 7\% interest rate