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1 5 of 12 (9 complete) 7 } HW Score: 69.44%, 83.33 of 120 [3 Score: 0 of 10 pts P 8-10 (similar to) Bill Clinton reportedly was paid $15.0 million to write his book MyLife, 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 $8.9 million per year (paid at the end of the year) SE Question Help { speaking instead oi writing.Assume his cost of capital is 10.2% per year. a. What is the NPV of agreeing to write the book (ignoring any royally payments)? h. Assume that, once the book is nished, it is expected to generate royalties of $4.5 million in the rst year (paid at the end of the year) and these royalties are expected to decrease at a rate at 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 royalty payments)? The NPV of agreeing to write the book (ignoring any royalty payments) is $ . (Round to the nearest dollar.)