Consider two firms, With and Without, that have identical assets that generate identical cash flows. Without is an

allminusequity

firm, with 1 million shares outstanding that trade at a price of $24 per share. With has 2 million shares outstanding and $12 million of debt at an interest rate of 5%.

Assume that MM's perfect capital markets conditions are met and that you can borrow and lend at the same 5% rate as With. You have $5000 of your own money to invest and you plan on buying With stock. Using homemade (un)leverage, how much do you need to invest at the

riskminusfree rate so that the payoff of your account will be the same as a $5000 investment in Without stock?