An entrepreneur has a new idea for a project that requires an initial investment of 5 million. The project generates a single cash flow a year from now. The size of the cash flow depends on how well the U.K. economy does next year. If the economy does well, which occurs with 50% probability, the project generates a cash flow of 20 million. If the economy performs poorly, the project generates a cash flow of 5.5 million. The risk-free rate in the economy is 10% (investing 1 today in a risk-free bond yields 1.1 in a year for sure). a) 15 marks] The entrepreneur, who has no own funds to invest, approaches a local banker to request financing in the form of debt for the total amount needed for the investment (ie. 5 million). What is the promised repayment in a year for which the market value of the debt is exactly equal to 5 million? Given such a repayment, what are the payoffs to the entrepreneur in the two possible states