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  3. his popularity, assume that he could earn $7.9 mil

his popularity, assume that he could earn $7.9 million a year (paid at the end...

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Accounting

his popularity, assume that he could earn $7.9 million a year (paid at the end of the year) speaking instead of writing. Assume his cost of capital is 9.8% 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?
a. What is the NPV of agreeing to write the book (ignoring any royalty payments)?
The NPV of agreeing to write the book is $-9.716 million. (Round to three decimal places.) perpetuity. What is the NPV of the book with the royalty payments?
The NPV of the book with the royalty payments is $, million. (Round to three decimal places.)
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