Bentley Corporation and Rolls Manufacturing are considering a merger. The possible states of the economy and each company$$s value in that state are shown here:

State Probability Bentley Rolls

Boom $\mathrm{.}75$ $ $326,000$ $ $296,000$

Recession $\mathrm{.}25128,00098,000$

Bentley currently has a bond issue outstanding with a face value of $$143,000.$ 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$.,32.)$

Value of Bentley $=$

Value of Rolls $=$

b$.$

What are the values of each company$$s 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$.,32.)$

Equity of Bentley $=$

Debt of Bentley $=$

Equity of Rolls $=$

Debt of Rolls $=$

c$.$

If the companies continue to operate separately, what are the total value of the companies, the total value of the equity, and the total value of the debt? $($Do not round intermediate calculations and round your answers to the nearest whole number, e$.$g$.,32.)$

Value of Companies $=$

Value of Equity $=$

Value of Debt $=$

d$-1.$

What would be the value of the merged company? $($Do not round intermediate calculations and round your answer to the nearest whole number, e$.$g$.,32.)$

Merged Company Value $=$

d$-2.$

What would be the value of the merged company$$s debt and equity? $($Do not round intermediate calculations and round your answers to the nearest whole number, e$.$g$.,32.)$

Value of Debt $=$

Value of Equity $=$

e$-1.$ How much would shareholders gain or lose in the merger? $($Do not round intermediate calculations and round your answer to the nearest whole number, e$.$g$.,32.$ Enter a gain as a positive number and a loss as a negative number.$)$

Shareholders' gain or loss $=$

e$-2.$ How much would bondholders gain or lose in the merger? $($Do not round intermediate calculations and round your answer to the nearest whole number, e$.$g$.,32.$ Enter a gain as a positive number and a loss as a negative number.$)$ Bondholders' gain or loss $=$