A CEO is considering a project that personally benefits the CEO as much as $1,000,000 in wealth (independent of any effect the project has on firm value). The project does not affect the CEOs salary or future career prospects. The project costs $50 million and pays $75 million in one year with 50% probability and $10 million with 50% probability. What is the minimum percentage of the firm that the CEO must own such that they will decide not to take the project? The CEO must own over 13.333%. Does not matter, the CEO will always take the project. The CEO must own over 16.666%. The CEO must own over 23.333%