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14 pts (Short Answer Question: Chapter 4) You are the agent of Mr. Jared Goff,...

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14 pts (Short Answer Question: Chapter 4) You are the agent of Mr. Jared Goff, and are negotiating a six-year contract today. The Detroit Lions make the following offers: (a) $25 million at the end of each year for the next six years. (b) $24 million at the besinning of each year for the next six years. (ca signing bonus of $15 million today, $24 million a year for years 1 and 2,0 in year 3 and $30 million a year in years 4.5 and 6. (d) $23 million in year 1 and subsequent annual compensation will increase at 3 percent per year until year. Find the present value (PV) of each of these four offers. Which offer would you recommend that Me, Jared Goft accept if the interest rate was 8.50 percent Eot View Format Table

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