You have taken a product management position wi

after graduation. The contract is for four years and your compensation package is as

follows:

$$5,000$ relocation expense

$$55,000$ annual salary

$$10,000$ bonus if annual goals are met

$$15,000$ additional bonus at the end of four years if your team achieves a given

market share

You are confident in your abilities and assume there is a $65\%$ chance in receiving each

annual bonus and a $75\%$ chance in receiving the fourth year additional bonus. The effective

annual interest rate is $8\mathrm{.}5\%.$ What is the net present value of your compensation package?