John Howard reportedly was paid $420 000 to write his book Lazarus Rising. The book took three years to write. In the time he spent writing, Howard could have been paid to make speeches. Given his significance as Australia's second-longest serving Prime Minister, assume that he could earn $320 000 per year (paid at the end of the year) speaking instead of writing. Assume his cost of capital is 9.5% per year. Assume also that once the book is finished, it is expected to generate royalties of $210 000 in the first year (paid at the end of the year) and these royalties are expected to decrease at 30% per year in perpetuity. The NPV of the book with the royalty payments is - $382 850. How many IRRs are there in this problem? Does the IRR rule work in this case? How many IRRs are there in this problem? (Select the best choice below.) A. One IRR B. Two IRRs C. Three IRRs D. Four IRRS Does the IRR rule give the right answer in this case? (Select the best choice below.) O A. Yes, because the NPV is positive. B. No, because there are two IRRs so the IRR rule cannot be used. C. No, because the IRR is negative. D. Yes, because the higher IRR (31.0%) is greater than the cost of capital