*4. You are the author of what promises to be a successful novel. You have the option to either publish the novel yourself or through a publisher. 'The publisher is offering you $20,000 for signing the contract. If the novel is successful, it will sell 200,000 copies. If it isn't, it will sell only 10,000 copies. The publisher pays a $1 royalty per copy. A market survey by the publisher indicates that there is a 70% chance that the novel will be successfuLIf you publish the novel yourself, you will incur an initial cost of $90,000 for printing and marketing, but each copy sold will net you $2.

(a) Based on the given information, would you accept the publisher's offer or publish the book yourself? .