The four actors below have just signed a contract to star in a dramatic movie about relationships among hospital doctors. Filming is expected to take two years to complete. Each person signs independent contracts today with the following terms: Contract Terms Contract Amount Payment Date Derek Isabel $600,000 2 years 640,000 Meredith 500,000 George 500,000 3 years Today 1 year Required: 1-a. Assuming an annual discount rate of 9%, calculate the present value of the contract amount. (EV of $1. PV of $1. EVA of $1, and PVA of $1) 1-b. Which of the four actors is actually being paid the most? Complete this question by entering your answers in the tabs below. Req 1A Req 18 1 Assuming an annual discount rate of 9%, calculate the present value of the contract amount. Note: Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places. Derek Isabel Meredith George Present Value A Req 18 >