Part 1You are an entrepreneur starting a biotechnology firm. If your research is​ successful, the technology can be sold for $ 25$25 million. If your research is​ unsuccessful, it will be worth nothing. To fund your​ research, you need to raise $ 3.1$3.1 million. Investors are willing to provide you with $ 3.1$3.1 million in initial capital in exchange for 45 %45% of the unlevered equity in the firm.a. What is the total market value of the firm without​ leverage?b. Suppose you borrow $ 0.6$0.6 million. According to​ MM, what fraction of the​ firm's equity will you need to sell to raise the additional $ 2.5$2.5 million you​ need?c. What is the value of your share of the​ firm's equity in cases a and b​? Part 1a. What is the total market value of the firm without​ leverage?The market value without leverage is ​$[input]6.96.9 million. ​(Round to one decimal​ place.)Part 2b. Suppose you borrow $ 0.6$0.6 million. According to​ MM, what fraction of the​ firm's equity will you need to sell to raise the additional $ 2.5$2.5 million you​ need?The fraction of the​ firm's equity will you need to sell is [input]enter your response here ​%. ​(Round to the nearest whole​ percentage.)多项填空题

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Question8 The unicorn is the national animal of ScotlandSelect an alternative False True The Atlantic Ocean is the biggest ocean on Earth.Select an alternative False True Spiders have six legs.Select an alternative True False There are five different blood groupsSelect an alternative False True The human skeleton is made up of less than 100 bones.Select an alternative False True ResetMaximum marks: 5 Flag question undefined Select an alternative True False

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