Bill Cinton reportedly was paid $150 milion to wnie his book My Life. The book took three years to weile in the time the spent writing, Clinton could have been paid to make speeches. Given his popularty, assume that he could oam $8.8 million per year (paid at the end of the year) speaking instead of writing. Assume his cost of captal is 10.2% per year. a. What is the NPV of agreeing to write the book (ignoring any royalty payments)? b. Assume thet, once the book is finished, it is expocted to generale royalses of $5.2 milion in the first year (paid at the end of the year) and these royalties are expected to decrease at a rate of 30% por year in perpetuity. What is the NPV of the book with the royalty payments? a. What is the NPV of agreaing to write the book (ionoring any royalty payments)? The NPV of agreeing to writo the book (ignoring any royalty payments) is $ (Round to the noarest dollar)