Multiple IRRsYou inform the publisher that they need to increase the offer before you will accept it. The publisher then agrees to also make royalty payments of $20,000 per year forever, starting once the book is published. The first payment would be at the end of year 4.The cash flows will look like this:a) Should you accept or reject the new offer? You cannot use IRR as your cashflows change direction twice. Use NPV at a discount rate of 10%.b) What is the minimum royalty payment you would accept?
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