Consider a firm whose only asset is a plot of vacant land, and whose only liability is debt of $14.8 million due in one year. If left vacant, the land will be worth $9.8 million risk-free interest rate is 9.5%, assume all cash flows are risk-free, and assume there are no taxes. a. If the firm chooses not to develop the land, what is the value of the firm's equity today? What is the value of the debt today? b. What is the NPV of developing the land? value of the firm's debt today? d. Given your answer to part (c), would equity holders be willing to provide the $19.9 million needed to develop the land