Bobs surf shop sells custom surf boards at $100 per board. With a potential hurricane season coming up, the demand of surfing can exist in a boom or bust state, with an equal likelihood of each occurring. In a boom state of the economy, Bob can sell 100 boards. In the bust state of the economy, the shop will only sell 50. Bob, the sole equity holder, will receive $2000 in the boom state of the economy. In this situation, what is the face value of debt?

Answer options:

10000

12000

8000

7000