Company A has one asset.Tomorrow the asset will either be worth $500,000 or $1,000,000.There is a 50% chance of it being worth $500,000 and a 50% chance of it being worth $1,000,000. The company has $300,000 in debt and has no other claims or preferred stock.If the probability shifts to a 50% chance of $0 and a 50% chance of $1,500,000 will the equity value increase or decrease?

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