Question
Your advance on a book deal is $600,000 payable today. To write the book you must quit your $250,000 salary job for 3 years. Your
Your advance on a book deal is $600,000 payable today. To write the book you must quit your $250,000 salary job for 3 years. Your discount rate is 12%.
1.What is the NPV?
2. What is the IRR?
3. Should you take this deal or not?
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Financial Management Principles And Applications
Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.
10th Edition
0131450654, 9780131450653
