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4) A rookie basketball player is negotiating his first contract. His...

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4) A rookie basketball player is negotiating his first contract. His opportunity cost is 10%. He has been offered three possible 4-year contracts. Payments are guaranteed, and they would be made at the end of each year. Terms of each contract are as follows: Contract 1: $3,000,000 $2,000,000 $7,000,000 $3,000,000 Contract 2: $3,000,000 $1,000,000 $5,000,000 $6,000,000 III. Contract 3:3,000,000 $3,000,000 $5,000,000 $3,000,000 Which contract is best and why

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