A tennis player has just signed a 40 million contact to, Financial Management

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A tennis player has just signed a 40 million contact to

A tennis player has just signed a $40 million contact to play four years she will receive 8 million as an immediate cash bonus, $4 million at the end of the first year, $10 million at the end of the 2^nd year, and the remaining $18 million at the end of the contract.

Assuming a discount rate of 5%, what is the value of the package?

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