You must show all calculations/workings

Times New R... 12 AS B 1 U Styles Styles Pane Create and Share Request Adobe PDF Signatures A- A+ A - abe X X II UNDENIUNCUDIVETULL UNDDIT TUR IRUDLEIVI. YOU MUST INDICATE IN DETAIL THE MATHEMATICAL CALCULATIONS REQUIRED TO DERIVE YOUR SOLUTIONS. THIS MEANS THAT, AT A MINIMUM, YOU MUST: CORRECTLY SET UP THE PROBLEM; SHOW ALL INTERMEDIATE ALGEBRAIC STEPS (IF ANY ARE REQUIRED); AND; SHOW ALL INTERMEDIATE CALCULATIONS PRIOR TO YOUR FINAL ANSWER. ALL ANSWERS IN THE FORM OF A PERCENT MUST BE CORRECTLY ROUNDED TO THE NEAREST .01% AND ALL ANSWERS IN THE FORM OF A DOLLAR VALUE MUST BE CORRECTLY ROUNDED TO THE NEAREST $.01 2. [10 POINTS) A firm has signed a new employee to a three-year contract. The details of the contract provide an immediate cash borus (to be paid today) of $25,000. The new employee will then receive $50,000 in salary at the end of the first year (that is, one year from today), $70,000 the next year (that is, two years from today) and $100,000 at the end of the last year of the contract (that is, three years from today). Assuming an 9 percent discount rate, how much is the new employee's contract worth