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 $290 000 per year (paid at the end of the year) speaking instead of writing. If his cost of capital is 9.7% per year, then the NPV of agreeing to write the book (ignoring any royalty payments) is - $305 013. How many IRRs are there in this problem? Does the IRR rule give the right answer in this case? The IRR is %. (Round to two decimal places.) How many IRRs are there in this problem? (Select the best choice below.) A. Four IRRs B. Three IRRs C. Two IRRs OD. One IRR Does the IRR rule give the right answer in this case? (Select the best choice below.) A. Yes, because the NPV is positive. B. No, because the IRR is negative. O C. No, because the NPV is negative (-$305 013), and therefore the IRR gives the wrong answer. D. Yes, because the IRR at 47.56% is greater than the cost of capital