The sports star has opportunity to defer some of the income. One choice is the contract for next six years which starts at $1.2M with increases of $0.3M each year thereafter. Deferred option begins at $0.8M for first year, and then it increases at $0.2M each year for ten years. If his interest rate for time value of money is 8%, find value of each choice? Suppose that he plays for next six years.