San Francisco Giants?c A $1000000 signing bonus payable today.?c $2000000 per year for three years. The annual payments are payable at the end of the calendar year with the first payment occurring at the end of this year.Chicago Cubs?c A $2000000 signing bonus payable at the end of the calendar year.?c $1000000 per year for three years. The annual payments are payable at the end of the calendar year with the first payment occurring at the end of this year.?c A $1000000 payment at the end of three years if he completes all three seasons with the Cubs and does not retire prior to the end of his contract. You can assume for this exercise that he intends to meet this condition of his contract.Milwaukee Brewers?c No signing bonus.?c $1500000 per year for three years. The annual payments are payable at the end of the calendar year with the first payment occurring at the end of this year.?c A local endorsement contract that will pay $1200000 at the end of the first calendar year. Which contract should Barry sign if the only relevant factor in his decision-making process is the total value of the contract and he can earn 8% interest? Explain your answer and provide any necessary supporting calculations.Scenario BKristen Nash recently won the jackpot in the New Jersey lottery while she was visiting her parents.When she arrived at the lottery office to collect her winnings she was offered the following two payout options:?c Receive $5000000 in cash today.?c Receive $2000000 today and $600000 per year for 10 years with the first $600000 payment being received one year from today.?c Receive $1000000 per year for 10 years with the first payment being received one year from today.Assuming that the market rate of interest is 9% which payout option should Kristen select? Explain your answer and provide any necessary supporting calculations.