Bal Clinton reportedy was paid $15.0 milion to write his book My Life. The book took three years to wite. In the time he spent wniting, Clinton could have been paid to make speeches. Olven his popularity, assume that he could eam $8.5 milion per year (pald at the end of the year) speaking instead of writing. Assume his cost of capial is 10.2% per year. a. What is the NPV of agreeing to write the book (ignoring any royaly payments)? b. Assume that, once the book is finished, at is expected to generate royalios of $4.8 million in the first year (paid at the end of the year) and these royaties are expectod to decrease at a rafe of 30% per year in perpetuity. What is the NPV of the bock with the royalty payments? a. What is the NPV of agreeing to write the book (ignoring any royaty payments)? The NPV of agreeing to write the book (ignoring any royalty payments) is 1 (Round to the nearest dollar.)