Firm X has $1,000 in outstanding debt that is due in one year. However, given the financial distress costs, the firm can only pay $850 to the debtholders it it does well and $600 If it does poorly. The probability the firm will do well is 75 percent with the remainder assigned during poor conditions. What is the current value of the debt if the discount rate is 8 percent? $788 $556 O $729 O $925