ts Score: 0 of 4 pts 5 of 11 (5 complete) HW Score: 34.78%, 8 of 23 pts hre his P7-5 (similar to) Question Help ad nat Bill Clinton reportedly was paid an advance of $10.0 million to write his book My Life. Suppose the book took three years to write. In the time he spent writing, Clinton could have been paid to make speeches. Given his popularity, assume that he could earn $7.6 million a year (paid at the end of the year) speaking instead of writing. essum Assume his cost of capital is 9.4% per year. d att a. What is the NPV of agreeing to write the book (ignoring any royalty payments) petus b. Assume that once the book is finished, it is expected to generato royalties of $4.9 million in the first year (paid at the end of the year) and these royalties are expected to decrease at a rate of 30% per year in perpetuity, What is the NPV of the book with the royalty payments? "What lio a. What is the NPV of agreeing to write the book (ignoring any royalty payments)? Expe The NPV of agreeing to write the book is $7 million (Round to three decimal places.) Aur dov an Enter your answer in the answer box and then click Check Answer pan remaining Clear A 13 MacBook Pro