Business, 12.02.2021 09:20 adiaz97

The Atlanta Braves signed an outfielder to a five-year contract. The contract calls for the following cash flows: a signing bonus of $4.00 million today, $12.09 million in year 1, $13.36 million in year 2, $14.17 million in year 3, $15.26 million in year 4, and $16.43 million in year 5. If the outfielder has a discount rate of 6.00% per year, what is the value of his contract today (in millions)

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The Atlanta Braves signed an outfielder to a five-year contract. The contract calls for the followin...

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