Sarah Palin reportedly was paid a $11 million advance to write her book Going Rogue. The book

took one year to write. In the time she spent writing, Palin could have been paid to give

speeches and appear on TV news as a political commentator. Given her popularity, assume that

she could have earned $8 million over the year (paid at the end of the year) she spent writing

the book. Assume that she was unable to fulfill her media commitments of appearing on TV

news as a political commentator or give speeches while she was writing the book.

Assuming that Palin's cost of capital is 10%, then the NPV of her book deal is what?