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O Bryant Big Country Reeves a professional basketball player, has just declared free agency. Three teams, the Atlanta Hawks, the Sacramento Kings, and the Phoenix

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O Bryant "Big Country" Reeves a professional basketball player, has just declared free agency. Three teams, the Atlanta Hawks, the Sacramento Kings, and the Phoenix Suns have made Bryant the following offers to obtain his services: signing bonus payable immediately and an annual salary of Hawks: $b for the six-year term of the contract. Kings: $c signing bonus payable immediately and an annual salary of $d million for the six-year term of the contract. Suns: signing bonus payable immediately and an annual salary of for the six-year term of the contract. With all contracts being considered, the annual salary will be paid in one lump sum at the end of the basketball season. Required: You have been hired as a consultant to Bryant's agent, Bill Foster, to evaluate the three contracts. Assume that Bryant has no preference between the three teams and that the decision will be based entirely on monetary considerations. Also assume that Bryant can invest his money and earn a 9% annual return. Showing your work, present the three options available to Bryant in today's value (PV). O Bryant "Big Country" Reeves a professional basketball player, has just declared free agency. Three teams, the Atlanta Hawks, the Sacramento Kings, and the Phoenix Suns have made Bryant the following offers to obtain his services: signing bonus payable immediately and an annual salary of Hawks: $b for the six-year term of the contract. Kings: $c signing bonus payable immediately and an annual salary of $d million for the six-year term of the contract. Suns: signing bonus payable immediately and an annual salary of for the six-year term of the contract. With all contracts being considered, the annual salary will be paid in one lump sum at the end of the basketball season. Required: You have been hired as a consultant to Bryant's agent, Bill Foster, to evaluate the three contracts. Assume that Bryant has no preference between the three teams and that the decision will be based entirely on monetary considerations. Also assume that Bryant can invest his money and earn a 9% annual return. Showing your work, present the three options available to Bryant in today's value (PV)

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