5. (Optional question) Baidu and Yahoo have a very similar business. We assume that their asset risk is the same. The market values of Baidu's debt and equity are $2 billion and $ 8 billion respectively, while Yahoo's debt and equity market values are $ 3 billion and S 6 billion. The debt of both companies is risk-free. Baidu's equity beta is 2. The risk-free rate of return is 6%. The expected (net) return on the market portfolio is 10%. Yahoo is considering a new real investment project, which has the same risk with its existing business. The project's cost is S 40 million. The cash flow of the project will be realized one year ahead and has the following joint distribution with the market portfolio, where xy. Probability Market Scenario Cash flow Next Year of Yahoo's Project Net Return of Market Portfolio (%) 30 Great 0.25 $73.2 million $55.2 million Good 0.50 Bad 0.25 $41.2 million a. What is the NPV of Yahoo's new project approximately? b. What are the values of x and y? c. Find the tracking portfolio of Yahoo' project