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Bill Clinton reportedly was paid $20 million to write his book My Way. The book took three years to write. In the time he spent
Bill Clinton reportedly was paid $20 million to write his book My Way. The book took three years to write. In the time he spent writing, Clinton could have been paid to make speeches. Given his popularity, assume that he could earn $8 million per year (paid at the beginning of the year) speaking instead of writing. Assume his cost of capital is 10% per year. What is the NPV of the book deal?
A. $-483,057
B. $-503,381
C. $-622,089
D. $-1,357,144
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