Suppose you are a sports agent.

A first-round draft choice quarterback has been signed to a three-year, $10 million contract. The details provide for an immediate cash bonus of $1 million. The player is to receive $2 million in salary at the end of the first year, $3 million the next, and $4 million at the end of the last year.

Answer the following question(s):

1. How would you advise your client assuming a 10% discount rate?
2. Is this package worth $10 million? How much is it worth?