Maurice Tutor

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About Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 4 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 18 Aug 2017 My Price 8.00

Kansas City Chiefs,

Eric Fisher, a number 1 draft pick of the Kansas City Chiefs, and his agent are evaluating three contract options. Each option offers a signing bonus and a series of payments over the life of the contract. Fisher uses a 9.20 percent rate of return to evaluate the contracts. Given the cash flows for each option below, find the present value of each alternative.

year cash flow option a option b option c
0 signing bonus 3,100,000 4,000,000 4,250,000
1 annual salary 650,000 825,000 550,000
2 annual salary 715,000 850,000 625,000
3 annual salary 822,250 925,000 800,000
4 annual salary 975,000 1,125,000 900,000
5 annual salary 1,100,000   1,000,000
6 annual salary 1,250,000    

a) Find the present value of:

present value of option a

present value of option b

present value of option c

b) what option should he choose?

Answers

Maurice Tutor
(5)
Status NEW Posted 18 Aug 2017 10:08 PM My Price 8.00

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