Cody's Computers(CC) is launching a new project. Depending on the sucess of the project next year CC will be worth $90 million, 150 million, or $200 million with equal probability. Assume capital markets are perefect and the appropriate discount rate for the project is 4%. CC also has debt (zero coupon) with a face value of $130 million due next year. What is the current value of CC debt.

112 million

117 million

125 million

130 million

none of the above