Bill Clinton reportedly was paid $15.0 mition to write his book My Lit. The book took re years to write in the time he sport writing. Clinton could have been paid to make speeches Given this popularity assume at he could earn 38 milion per you paid the end of the year) poking instead of writing. Assume is out of capital is 10% per your mocnon ne tok triched the expected to generate yes of 547 million in the first year old at the end of the year, and these royales are expected to decrease at a rate of 30% per year in perpetuity What is the NPV of the book with the royalty payment? a. What in the NPV of agreeing to write the book ognoring wy royalty payments/ The NPV of wprowing to write the book ignoring arwy royalty payments) 5 Pound to the nearest dolar) b. Assume that once the book fructed, expected to pererate royalten of 54,7 million in the first year (paid at the end of the year, and these reysties wo expected to decrease at a rate of 30% per year in perpetuilty. What is the NPV of the book with the royalty payment The NPV of the book with the royalty payments in Mound to the manut our)