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A first-round draft choice quarterback has been signed to a three –year, ZMW 10 million contract. The details provide for an immediate cash bonus of ZMW 1 million. The player is to receive ZMW 2 million in salary at the end of the first years, ZMW 3 million the next, and ZMW 4 million at the end of the last year. Assuming a 10 percent discount rate, is this package worth ZMW 10 million value? How much is it worth?
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