Bentley Corp. and Rolls Manufacturing are considering a merger. The possible states of the economy and each companys value in that state are shown here:

State	Probability		Bentley			Rolls
Boom	.70		$	306,000		$	276,000
Recession	.30			118,000			88,000

Bentley currently has a bond issue outstanding with a face value of $133,000. Rolls is an all-equity company.

a.	What is the value of each company before the merger? (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

b.	What are the values of each companys debt and equity before the merger? (Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)