Question: please solve this problem without using Excel and show all steps. Use the following information for questions 1 and 2: The assets of Genius Software

please solve this problem without using Excel and show all steps.

Use the following information for questions 1 and 2: The assets of Genius Software may, in one year, have a value of 100 million or 250 million. The probability that their value will be 100 million is 0.4 and the probability that their value will be 250 million is 0.6. The unlevered beta for Genius Software is 1.5. Beta for debt is 0. The annual effective risk-free interest rate is 0.05. The market risk premium is 0.08. Genius Software has 150 million of zero-coupon bonds maturing in one year outstanding 1. Calculate the value of equity. 2. Calculate beta for equity

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