A CEO who led a fomous turnaround at a large corporation has just retired: A publishing company has offered to pay her $2.000.000 today to spend the noxt two years writing o book about her experiences. Accepting this opportunity meons that the outhor wil give up lucralive speech oppertunities over the noxt two years while she works on the book. She expects to make $1,100,000 per yoar giving speechos over ithe noxt two years if the does not accept the publishing opparfunily. The formet Cco estimates that 8% is a reasonable cost of copilal for this project. What does the NPV rule say about this projoct? What does the IRR rule say about this investment? Should she accept the publahing deal? to3 and 104 The profect has a positive NPV, so the NPV rule sars to accepl the project. The peoject's iRR is greater inge the cost of capital, so the IRR fule savs to accept the peoject. the author should accept the pubinting deat Fo reject the project. The author should occept the publiting deal. The project has a nogative NPY, so the NPV rule sars fo relect the project. The preject's iRR is less than the cost of capial so the iRR rute toys to reject the project. The guthor should repoct the publishing deal The project has a positve NPV, so the NPV rule says to accept the project. The project's IRR is less then the cost of copilat, se the lRR rule says to reject the project: The outhor should reject the publisting degl