popularty, assume that he could eam $8.5 million per year (paid at the end of the year) speaking instead of writing. Assiame his cost of capital is 935 per yeat. a. What is the NPV of agreoing to write the book ignoring any royally payments)? b. Assume that, once the book is finished. It is expected to generase royalties of $5.1 milion in the fret yeas fowd at the end of the year and these fropaises are expected to decrease ar a rase of 3014 per yeat in perpetaily. What is the NPV of the book with the royalty payments? a. What is the NPV of agreeing to write the book fignoring any royalty paymenta)? The NPV of agreeing to write the book (ignoring any royalty payments) is 1 (Round to the neacest doliar.)