Fenerbahce Soccer Club has $15 million debt outstanding due next year and currently has $8 million cash. Fenerbahce has no other assets. Assume that Fenerbahce can hire a superstar soccer player Ronaldo for $8 million. Ronaldo can generate revenues of S20 million w/ probability 10% or revenues of $2 million w/ 90% probability next year. Do Fenerbahce shareholders hire Ronaldo? Does debtholders of Fenerbahce prefer hiring Ronaldo? Galatasaray Soccer Club has no debt and has $10 million. Will Galatasaray hire Ronaldo? (Assume that discount rate is 10%). [30 points] 8. Firm Z is S20. The payout ratio is 60