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WHAT IS THE TOTAL VALUE OF CONTRACT OFFER #3? Offer 3 $1,003,600 immediate signing bonus $500,000 at the end of Year 1 $1,000,000 at the
WHAT IS THE TOTAL VALUE OF CONTRACT OFFER #3?
Offer 3 $1,003,600 immediate signing bonus $500,000 at the end of Year 1 $1,000,000 at the end of Year 2 $1,500,000 at the end of Year 3 $2,500,000 at the end of Year 4 $168,000 bonus for any year Luke is selected to play in the Pro Bowl All Star game (25% probability in each year) Offer 3 $1,003,600 immediate signing bonus $500,000 at the end of Year 1 $1,000,000 at the end of Year 2 $1,500,000 at the end of Year 3 $2,500,000 at the end of Year 4 $168,000 bonus for any year Luke is selected to play in the Pro Bowl All Star game (25% probability in each year)Step by Step Solution
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