ChemPulcra, a private firm active in Chemical industry, just reported that its main production facility in China was destroyed in a fire. While the plant was fully insured, the loss of production will decrease ChemPulcra's free cash flow by $180 million at end of this year and by $60 million at the end of next year. ChemPulcra has no debt, and it has 35 million of equity shares outstanding. Assume perfect capital market, with risk-free rate equal to 2.2% and market risk premium equal to 9% (i.e., expected return on the market portfolio less the risk-free rate). If the median equity beta in the chemical industry is 1.8 and the median chemical firm has a leverage ratio of 0.5, what change in ChemPulcra's equity value per share would you expect upon this announcement? ChemPulcra, a private firm active in Chemical industry, just reported that its main production facility in China was destroyed in a fire. While the plant was fully insured, the loss of production will decrease ChemPulcra's free cash flow by $180 million at end of this year and by $60 million at the end of next year. ChemPulcra has no debt, and it has 35 million of equity shares outstanding. Assume perfect capital market, with risk-free rate equal to 2.2% and market risk premium equal to 9% (i.e., expected return on the market portfolio less the risk-free rate). If the median equity beta in the chemical industry is 1.8 and the median chemical firm has a leverage ratio of 0.5, what change in ChemPulcra's equity value per share would you expect upon this announcement