Bill Clinton reportedly was paid $15.0 million to write his took My Life The book took three years to write in the time he spent writing Clinton could have been paid to make sprochos Given his popularity, assume that he could earn $86 million porysar (paid at the end of the year) speaking instead of writing Assume his cost of capital is 98% per year a. What is the NPV of agreeing to write the book (ignoring any royalty payments/? b. Assume that once the book is finished, it is expected to generale royalties of 55 2 million in the first year (paid at the end of the year) and those royalties are expected to decrease at a rato ot 30% per year in perpetuity What is the NPV of the book with the roynlly payments? a. What is the NPV or agreeing to write the book (ignoring any roynty payments? Tho NPV or agreeing to write the book ignoring any royalty payments) Round to the neared dollar)