(3 completo HW Score: 18.06%, 2.17 of 12 pts P 8-10 (similar to) Question Help Bu Cinton reportedly was paid $15.0 million to write his book My Lite. The book took three years to write. In the time he spent writing, Cinton could have been paid to make speeches. Given his popularity, assume that he could eam 58.8 million per year (paid at the end of the year) speaking instead of writing. Assume hin cout of capital is 92 per year. a. What is the NPV of agreeing to write the book (ignoring any royally payments)? b. Assume that once the book is finished, it is expected to generate royalties of 5.2 million in the first year (paid at the end of the year) and these royalties are expected to decrease at a rate of 30 per year in perpetuity. What is the NPV of the book with the royalty payments? a. What is the NPV of agreeing to write the book ignoring any royalty payments)? The NPV of agreeing to write the book (ignoring any royally payments) is (Round to the nearest dolor)