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you run a professional baseball team and are about to sign all pitcher. The contract is 5 year deal and is for following amount each
you run a professional baseball team and are about to sign all pitcher. The contract is 5 year deal and is for following amount each year: $18million, $16mil, $15mil, $12mil, and $10mil. The team uses a discount rate 7%. What is current value of 5 year deal?
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