6. Felicia Fish is the sole shareholder in Aquarium City. Her equity in the corporation totals $500,000. Given her use of leverage, however, the total value of Aquarium City is $2 million. Calculate the change in the value of Ms. Fish’s equity in the firm under the following scenarios:

   1. a. The value of her assets rises by 25 percent.

   2. b. The value of her assets rises by 100 percent.

   3. The value of her assets falls by 30 percent.