Jack Smith reportedly was paid $9.7 million to writo his book The Fork in the Road The book took three years to writo. In the time he spent writing, Jack Smith could have been paid to make speeches. Given his popularity, assume that he could cam $8.2 million a year (paid at the end of the year) speaking Instead of writing. It is cost of capital is 10% per year, then the NPV of agreeing to write the book (gnoring any royalty payments) is -510,692.186. How many IRR are there in this problem? Does the IRR rule give the right answer in this cano? (Noter Corsider the uplront payment as a positive cash flow and the opportunity cost of missed speaking foos as negative cash flows) The IRR IS % (Round to two decimal places)