2 of 3 Briefly discuss why holding a firm's equity is to holding a caption b) ABC plc, which currently has no assets, is considering two projects that each cost Proct Anton 10.4 million if it deteriorates Project is expected to pay off 1.4 milion if the economy improves de Thom economy with improve or deteriorate. Ignore taxes and bankruptcy costs and astme zor discountate 1. Calculate the net present value of the two projects and explain which project would equity Holders proter is the tomis traced by a # Explain, by using calculations, which project would equity holder prefer if the tim party finances the promet with a common bord water op the end of the year? 5 m i. Explain why the answers to (i) and (w) are the same or different 14 mars 3 T HE T B / IC