Question: Please answer the following question quickly, showing all work accordingly on all sections. Thank you. he could earn $8.3 million per year (paid at the
Please answer the following question quickly, showing all work accordingly on all sections. Thank you.

he could earn $8.3 million per year (paid at the end of the year) speaking instead of writing. Assume his cost of capital is 9.3% per year. a. What is the NPV of agreeing to write the book (ignoring any royalty payments)? perpetuity. What is the NPV of the book with the royalty payments
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