Consider a project with free cash flow in one year of $141,301 or $191,793, with either outcome being equally likely. The initial investment required for the project is $60,000, and the project's cost of capital is 16%. The risk-free interest rate is 10%. (Assume no taxes or distress costs.) C. Suppose the initial $60,000 is instead raised by borrowing at the risk-free interest rate. What are the cash flows of the levered equity, and what is its initial value according to M&M? The cash flows of the levered equity and the initial market value of the levered equity according to M&M is: (Round to the nearest dollar.) Date 1 Cash Flow Strong Economy Cash Flow Weak Economy Date 0 Initial Value $60,000 $ 83575 Debt Levered Equity $