Bill Clinton reportedly was paid an advance of $10.0 million to write his book My Life. Suppose the book took three years to write. In the time he spent writing, of writing. Assume his cost of capital is 10.4% per year. a. What is the NPV of agreeing to write the book (ignoring any royalty payments)? expected to decrease at a rate of 30% per year in perpetuity. What is the NPV of the book with the royalty payments