Use the following information for the next 5 questions. Assu…

Use the fоllоwing infоrmаtion for the next 5 questions. Assume thаt Chris Jones signs а new contract with the Kansas City Chiefs (NFL team) that covers 2024 - 2030.  The terms of the contract are: 2024 salary: $7 million 2025 salary: $10 million 2026 salary: $18 million 2027 - 2030 salary: $22 million Signing Bonus: $20 million Option Bonus (paid in 2025): $10 million The salary for 2024 - 2026 is guaranteed. Assume bonuses are spread over the maximum number of years allowed.