A firm borrowed $100m in year 0 to conduct market research. The market research study results will be available at the end of year 1. At the end of year 1, after seeing the market research results, the shareholders (and only the shareholders) can invest $100 million to produce and sell a product for one year. The market research report will show what the net profit at the end of year 2 will precisely be. Two market research reports are possible with equal probability: net profit = $500m or net profit = $150m. Assume that the expected rates of return on the debt and equity are zero. What amount will the debt holders (who supplied the $100m debt in year 0) demand as repayment in year 2?