The owners of a small manufacturing concern have hired a vice president to run the company with the expectation that he will buy the company after five years. In this initial contract, compensation of the new vice president is a flat salary plus 75% of the first $150,000 profit, then 10% of profit over $150,000. The initial contract also stipulates that, after a five-year period, the purchase price of the company will be 4.5 times earnings (profit), computed as average annual profitability over the next five years. Assume the company will be worth $10 million in five years. The goal of the owners of the firm is to maximize profits. A contract that fixes the purchase price of the firm after five years at $3 million would make the incentives of the vice president (MORE OR LESS) aligned with the goals of the firm, compared with the original contract.