Bail Clinton reportedy was paid an advarce of $10.0 milion to writo his book My Lifo. The book fook trree years to artite. In the time he spert writing. Cinton could have beori paid to make specher. Given his popularity, assume that he could eam $7.8 milion a year (paid at the end of the year) speaking ratead of wring. Assume his cost of capital is 9.61k per year. a. What is the NPY of agreeing to write the bock (phoring any royaity payments)? b. Aswume that, once the book is finished, is is expected to gontrate royalies of $5.2 millon in the test yex (poid at the end of the year) and bere roy ates are expected to docreate at a rais of 30% per year in perpediny. What is the Nev of the book w th the royaty pwoments? Bail Clinton reportedy was paid an advarce of $10.0 milion to writo his book My Lifo. The book fook trree years to artite. In the time he spert writing. Cinton could have beori paid to make specher. Given his popularity, assume that he could eam $7.8 milion a year (paid at the end of the year) speaking ratead of wring. Assume his cost of capital is 9.61k per year. a. What is the NPY of agreeing to write the bock (phoring any royaity payments)? b. Aswume that, once the book is finished, is is expected to gontrate royalies of $5.2 millon in the test yex (poid at the end of the year) and bere roy ates are expected to docreate at a rais of 30% per year in perpediny. What is the Nev of the book w th the royaty pwoments