Emmitt Smith reportedly was paid a $11 million advance to write his book how to beat the Bills. The book took one year to write. In the time he spent writing, Smith could have been paid to give speeches and appear on TV news as a Sports commentator. Given his popularity, assume that he could have earned $8 million over the year (paid at the end of the year) he spent writing the book. 14) Assuming that Smith's cost of capital is 10%, then the NPV of her book deal is closest to