You are representing a free-agent quarterback in negotiations. The deal offered is said to be worth $55 million. Assume today is 2022. The contract will offer $7.2 million in 2023, $8.9 million in 2024, $9.6 million in 2025, $9.7 million in 2026, $9.7 million in 2027, and $9.9 million in 2028. Based on today's interest rate of 8 %, what is the club really offering him? Assume all payments are paid at the end of the year. Assume today, 2022 is year 0, and 2023 is year 1. What is the Present Value