Suppose Frederik Andersen is negotiating a new contract with the Toronto Maple Leafs in 2021....
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Suppose Frederik Andersen is negotiating a new contract with the Toronto Maple Leafs in 2021. The Leafs offer him a two-year contract in January 2021 with the following provisions: Assume that Frederik achieved his bonus requirements both years and he signed the contract right away on January 1,2021 . Assume that cash flows are discounted at 11.3 percent. Ignore any taxes. Frederik's signing bonus was paid on the day the contract was signec His salary and bonuses, other than the signing bonus, are paid at the end of the year. What was the PV of this contract in January when Frederik signed it? (Do not round intermediate calculations. Round the answer to 2 decimal places. Omit \$ sign in your response.) Present value
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