Question: Calculating Present Values. The contract signed in March 2015 by Ndamukong Suh that we discussed at the beginning of the chapter was actually paid as a $5.1 million signing bonus to be paid immediately and $985,000 in salary for 2015. The remaining salary was $28,585,000 in 2016, $15,085,000 in 2017, $22,085,000 in 2018, $24,085,000 in 2019, and $18,360,000 in 2020. If the appropriate interest rate is 11 percent, what kind of deal did the defensive tackle sack? Assume all payments other than the first $5.1 million are paid at the end of each year.