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Jenny Dimon just joined the WNBA as a professional basketball player who will play for...

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Jenny Dimon just joined the WNBA as a professional basketball player who will play for New York Liberty. The team have offered Jenny two different compensation arrangements. The first arrangement gives her $82,000 annually for the next two years. The second arrangement gives her $71,000 annually for the next two years and a $27,000 signing bonus today. The bonus will be paid immediately, and the salary will be paid monthly in equal amounts. You can ignore any personal taxes in this example. What is the value today of each compensation arrangement if the interest rate is 9 percent compounded monthly? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Option 1 Option 2

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