At the end of fiscal year 2012, the value of a manufacturing company's assets was $100 million, and the value of its debt was $50 million. During the fiscal year of 2013, the company is planning to build a new factory that is worth 10 million by borrowing half of the required amount and financing the rest from the sales. What would the value of the company's equity be by the end of the 2013 fiscal year according to Merton's model? To simplify. assume that these are the only relevant forecast (that is, the value of other balance sheet items will remain constant) and that the debt is all due due at the end of fiscal year 2013. Disregard the interest expenses and effect of time value of money