13. A female CEO of a big corporation is fired. A publisher offers her to write her memoires on her life as a female executive in a male world. He offers her an upfront payment of $500,000 now. The book needs to be ready in five years. If she succeeds to deliver a publishable manuscript at the end of year 5 she will receive another $1,000,000. In the mean time she needs to focus on writing the book which implies she cannot accept another job as CEO elsewhere. She estimates this opportunity cost to equal $250,000 peryear until and including year 5. Assume a discount rate of 10%. The Net Present Value of this offer comes closest to... A) $150,000 B) $175,000 C) $170,000 D) $180,000