Tiny Pigeon Biotech is a manufacturing firm. Tiny Pigeon's current value of operations, including debt and equity, is estimated to be $ 30 million. Tiny Pigeon has $12 million face value zero coupon debt that is due in five years. The risk-free rate is 6%, and the volatility of companies similar to Tiny Pigeon is 50%. Tiny Pigeon's performance has not been very good as compared to previous years. Because the company has debt, it will repay its loan, but the company has the option of not paying equity holders. The ability to make the decision of whether to pay or not looks very much like an option A-Z Based on your understanding of the Black-Scholes option pricing model (OPM), calculate the following values and complete the table. (Note: Use 2.7183 as the approximate value of e in your calculations. Do not round Intermediate calculations, Round Minal answers to two decimal places.) Values: Tiny Pigeon Biotech Equity value Debt value ale 9). * Debt yield Tiny Pigeon's management is implementing a risk management strategy to reduce its volatility plec Complete the following table, assuming that the goal is to reduce the company's volatility to 30% (Note: Do not round Intermediate calculations Round final answers to two decimal places.) ei Timinen Rintech Complete the following table, assuming that the goal is to reduce the company's volatility to 30% (Note: Do not pund Intermediate calculations Round final answers to two decimal places.) Goals Tiny Pigeon Biotech Equity value at 30% volatility Debt value at 30% volatility Debt yield at 30% volatility Complete the following sentence, assuming that Tiny Pigeon risk management strategy is successful at its risk management strategy is successful and Tiny Migeon can reduce its volatility, the value of Tiny Modon's stock will and the value of its debt will