Stephen Curry signed a deal with Under Armour, where UA will pay Curry $4M every...
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Stephen Curry signed a deal with Under Armour, where UA will pay Curry $4M every year, starting from 1/1/2015, for 5 years. UA expects to make $2M, $5M, $10M, $20M and $30M profit from Curry's brand for the 5 years. Suppose the profits are earned on the first day of each year from 2016 to 2020. The discount rate is 10% per year. What was the NPV of this contract at the time of 1/1/2015?
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