(Answered) Derrick coleman a forward for the new jersey nets has been

Management Studies

Derrick Coleman, a forward for the New Jersey Nets, has been offered a seven-year, $ 75 million contract, where he will be paid $9 million a year for the next three years, and $12 million a year for the following four years. The appropriate discount rate is 8%.

a. What is the present value of this contract?

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