Homework: Lab #4 Save Score: 0 of 6 pts 8 of 17 (16 complete) HW Score: 75.56%, 34 of 45 pts Problem 16-3 Question Help Acort Industries owns assets that will have aln) 75% probability of having a market value of $56 million in one year. There is a 25% chance that the assets will be worth only $26 million. The current risk-free rate is 6% and Acort's assets have a cost of capital of 12% a. Acort is unlevered, what is the current market value of its equity? b. Suppose instead that Acort has debt with a face value of $21 milion due in one year. According to M&M, what is the value of Acort's equity in this case? c. What is the expected return of Acort's equity without leverage? What is the expected return of Acort's equity with loverage? d. What is the lowest posible realized retum of Acort's equity with and without loverage? a. I Acort is unlevered, what is the current market value of its equity The current market value of the unlovered equity is s million (Round to three decimal places)