Bit Cintori roportedly was paid an advance of $10.0 militon to write his book.My L. Suppose the book took three years to write. In the time he spent witing. Cinton could have been pait to make speeches. Given his popularity, assume that he could eam $7.6 mition a year (paid at the end of the yar) speating instead of writing. Assume his cost of capital is 10.1% pet year. a. What is the NPV of agreeing to write the book (gnoring any royalty payments)? b. Assume that, once the book is finiahed, it is expected to generate royaties of $4.6 milion in the first yoar (paid at the end of the year) and these royalties are axpected to decrease at a rate of 30% per yoar in perpetuly. What is the NPV of the book with the royaty payments? a. What is the NPV of agreeing to write the book (ignoring any royalty paymenta)? The NPV of agreesing to write the book is \& million. (Round to three decimal places.)