The first picture is just the question and the second picture is what I would like answered, thank you.

Bal Clnton reportedy was paid \$15.0 milion to write his book My Lifo. The book took three years to write. In the 6ime he spent writing. Clinton could hawe-been paid to moke speeches. Given his popilarity, assume that he could eam $8.8 million per year (paid at the end of the year) speaking instood of writing. Assume his cost of capital is 9.87 per pear a. What it the NPV of agroeing to wite the book (ignoring any royalty payments)? b. Assume that, once the book is finished, it is expected to generate royalies of $5.5 million in the first year (poid at the end of the year) and these royalties are expected to docrease at a rate of 30% per year in perpetuity. What is the NPV of the book with the royalty payments? a. What is the NPV of agreeing to write the book (ignoring any royaity payments)? The Npy of agieeing to weite the book (ignoring any royalty payments) is 3 (Round to the nearest dollar.) b. Astume that, onse the book is finished, it is expected to generase royattes of $5.5 mition in the frist year (paid at the end of the yoar) and these foyaites are expected to decrease at a rate of 30% per yoor in perpesuity. What is the NPV of the book with the royalty poyments? The NPV of the book with the royalsy tavmments is $3,477,746. (Round to the nearest sollac.) Bir Cleton reportedy was pold 515.0 milion to wite his book My Lde. The book took three years lo write. in the time he spont writing. Clinton could have been paid to maku a. What is the Nifv of agreeing to write the book (ignoring any royalty payments)? b. Assume that, onoe the book is finithed, it is expected to generate roystion of $5, 1 million in the first year (Daid at the end of the yeac) and these royalties are expected to decrease at a tate of 30% per year in perpetixty. What is the NPV of the book with the royally payments? a. What is the NPV of ngreeing to wite the book (ignoring any royally payments)? The NPY of agreeing to write the book lignoeing any royalty payments) is ? (Round to the noarest dollar.)