Question: Please help me solve questions A and B. I will leave a thumbs up!! Acort Industries owns assets that will have a(n) 60% probability of

Please help me solve questions A and B. I will leave a thumbs up!!

Acort Industries owns assets that will have a(n) 60% probability of having a market value of 544 million in one year. There is a 40% chance that the assets will be worth only $14 million. The current risk-free rate is 10%, and Acort's assets have a cost of capital of 20% a. If Acort is unlevered, what is the current market value of its equity? b. Suppose instead that Acort has debt with a face value of $9 million due in one year. According to M&M, what is the value of Acort's equity in this case

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