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a. Which project has the highest expected payoff? b. Suppose Zymase has debt of $40 million due at the time of the project's payoff. Which

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a. Which project has the highest expected payoff? b. Suppose Zymase has debt of $40 million due at the time of the project's payoff. Which strategy has the highest expected payoff for equity holders? c. Suppose Zymase has debt of $120 million due at the time of the project's payoff. Which strategy has the highest expected payoff for equity holders? due

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