You have written a novel and are negotiating compensation terms with the publisher. The publisher offers you one of two alternatives for the right to publish your novel: (1) you get paid $200,000 today, but get no royalties from the sale of the book, or (2) you get paid $50,000 now and 10% of the gross sales revenue for the next five years.Assume that the projected sales are given by the table below. Your investments earn 3% APR compounded annually.

\"UCDLIUII L LU Pl.) You have written a novel and are negotiating compensation terms with the publisher. The publisher offers you one of two alternatives for the right to publish your novel: (1) you get paid $200,000 today, but get no royalties from the sale of the book, or (2) you get paid $50,000 now and 10% of the gross sales revenue for the next ve years. Assume that the projected sales are given by the table below. Your investments earn 3% APR compounded annually. Which alternative is better and by how much in present value terms? Year Gross Sales Revenue 1 $400,000 2 $300,000 3 $200,000 4 $100,000 3 $200,000 4 $100,000 5 $50,000 C)I $200,000 today better by $45,857 IC)I $200,000 today better by $45,000 IC)I $50,000 now and 10% of the gross sales revenue better by$45,000 0 $50,000 now and 10% of the gross sales revenue better by$51,386 IC)I $200,000 today better by $51,386 IC)I $50,000 now and 10% of the gross sales revenue better by$45,857