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Bill Clinton reportedly was paid $ 15.0 million to write hisbook My Life. The book took three years to write. In the time hespent? writing, Clinton could have been paid to make speeches.Given his? popularity, assume that he could earn $ 8.1 million peryear? (paid at the end of the? year) speaking instead of writing.Assume his cost of capital is 10.4 % per year. a. What is the NPVof agreeing to write the book? (ignoring any royalty? payments)? b.Assume? that, once the book is? finished, it is expected togenerate royalties of $ 4.6 million in the first year? (paid at theend of the? year) and these royalties are expected to decrease at arate of 30 % per year in perpetuity. What is the NPV of the bookwith the royalty? payments? a. What is the NPV of agreeing to writethe book? (ignoring any royalty? payments)? The NPV of agreeing towrite the book? (ignoring any royalty? payments) is ?$ nothing.?(Round to the nearest? dollar.)