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 $ 600,000 2 years Isabel 640,000 3 years Meredith 500,000 Today George 500,000 1 year Required: 1-a. Assuming an annual discount rate of 9%, calculate the present value of the contract amount. (FV of $1, PV of $1, FVA of !, and PVA of $1) 1b. Which of teh four actors is actually being paid the most?