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Burger Queen has a value of $21,000 in a good economy and $17,000 in a recession. The firm has $20,000 of debt. The probability of
Burger Queen has a value of $21,000 in a good economy and $17,000 in a recession. The firm has $20,000 of debt. The probability of a recession is 50%. The firm is considering a project that would change the firm values to $28,000 in a good economy and $14,000 in a recession.
What will be thechange inbondholder value under the proposed project? (Round answer to 0 decimals, do not round intermediate calculations)
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