(Solved): The four actors below have just signed a contract to star in a dramatic movie about relationships a ...

The four actors below have just signed a contract to star in a dramatic movie about relationships among hospital doctors. Each person signs independent contracts with the following terms: Contract Terms Contract Payment Amount Date $450,000 2 years Derek Isabel Meredith 490,000 3 years 525,000 Today George 350,000 1 year Required: 1-a. Assuming an annual discount rate of 10%, calculate the present value of the contract amount. (FV of $1. PV of $1. EVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Present Value Derek $ 371,902.50 Isabel Meredith George 445,454.10 > 525,000.00 262,962.00