The Atlanta Braves signed an outfielder to a five-year contract. The contract calls for the following cash flows: a signing bonus of $3.00 million today, $12.09 million in year 1, $13.31 million in year 2, . $14.36 million in year 3, $15.21 million in year 4, and $16.27 million in year 5. If the outfielder has a discount rate of 5.00% per year , what is the value of his contract today (in millions)? (Express answer in millions. $1,000,000 would be 1.00 Answer Format: Currency: Round to: 2 decimal places