his popularity, assume that he could earn $$7\mathrm{.}9$ million a year $($paid at the end of the year$)$ speaking instead of writing. Assume his cost of capital is $9\mathrm{.}8\%$ per year.

a$.$ What is the NPV of agreeing to write the book $($ignoring any royalty payments$)?$ perpetuity. What is the NPV of the book with the royalty payments?

a$.$ What is the NPV of agreeing to write the book $($ignoring any royalty payments$)?$

The NPV of agreeing to write the book is $$-9\mathrm{.}716$ million. $($Round to three decimal places.$)$ perpetuity. What is the NPV of the book with the royalty payments?

The NPV of the book with the royalty payments is $$,$ million. $($Round to three decimal places.$)$