Firm ABC is considering an expansion project that will cost $6 million but can only finance with equity. Currently it has a bond issue outstanding with a face value of $25 million. Below is a summary of the value of the company in each state of the economy next year, both with and without expansion. a- what is the NPV of the project b- what is the benefit for each of the bondholders and firm owners Economy Probability Without expansion $19,530,000 With expansion 0.3 $22,320,000 Recession Normal 0.5 $28,830,000 $36,270,000 Expansion 0.2 $43,710,000 $50,220,000