How much would the dallas cowboys

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The Dallas Cowboys need a tight end and Jason Witten is coming back to the Cowboys. He hopes he can play for another 5 years. The Cowboys are offering a guaranteed $15 million contract that will be paid over the next 5 years.

If you work in the finance area for the Dallas Cowboys and your group determined they could get a 6.25% return on investments during this five-year time. How much would the Dallas Cowboys need to set aside to cover the $3 million per year contract?

A.$12,356,557

B.$12,165,554

C.$12,778,154

D.$12,551,608

Reference no: EM132389716

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