Buckeye Industries has a bond issue with a face value of $1,000 that is coming due in one year. The value of Buckeye's assets is currently $1, 100. Urban Meyer, the CEO, believes that the assets in the firm will be worth either $930 or $1, 390 in a year. The going rate on one-year T-bills is 2 percent. a-1 What is the value of the company's equity? a. 2 What is the value of the debt? b. If the current value of the assets is unchanged, what is the new value of the company's equity