1) Lance Armstrong reportedly was paid $10 million to write his book "It's not about the bike". He received the payment immediately after he signed the deal. The book took two years to write. In the time he spent writing, Armstrong could have been paid to appear at cycling events. Given his popularity, he could earn $6 million per year (paid at the end of each year) appearing at events instead of writing. Assume that his opportunig cost of capital is 10% per year. t=0 +10 million t=1 -6million t=2 -6 million a. What is the NPV of agreeing to write the book (ignoring any royalty payments)? NPV= +10000000006000000000/l1+r)6000000000/(1+r)"2