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whats is the total value of contract offer #3 Offer 1 - $953,455 immediate signing bonus - $850,000 at the end of each year for

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Offer 1 - $953,455 immediate signing bonus - $850,000 at the end of each year for the next 5 years offer 2 - \$226,728 immediate signing bonus - $100,000 at the end of Years 1 through 4 - $150,000 at the end of Years 5 through 10 - $1,000,000 and the end of Years 11 through 40 Offer 3 - $1,010,691 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 - $203,455 bonus for any year Luke is selected to play in the Pro Bowl All Star game (25\% probability in each year) Canadian Football League - \$1,153,455 immediate signing bonus - $2,000,000 at the end of Years 1 through 3 - Only signing bonus is guaranteed ( 80% probability of being on team each year) Contract Offers PV Annuity Material What is the total value of Contract offer \#3

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