Acort Industries owns assets that will have an 80% probability of having a market value of $56 million one year from now. There is a 20% chance that the assets will be worth only $26 million. The current risk-free rate is 12%, and Acort's assets have a cost of capital of 24%.

a. What is the current market value of the unlevered equity $_million. (Round to three decimal places)

b. Current market value of the levered equity is $_million (Round to three decimal places)

c. What is the the expected return of Acort's equity with leverage and without leverage? Round to two decimal places for both

D. The lowest possible realized return of Acort's equity with and without leverage is? Round to two decimal places.