I have incorrectly answered this three times now... Very confused on how to complete this problem.

Let's go back to the Double-R Nutting Company. Suppose that Double-R's bonds have a face value of $55. Its current market value balance sheet is: $ Book-Value Balance Sheet Liabilities and Equity 45 Bonds outstanding 35 Common stock 80 Total liabilities and shareholders' equity $ Assets Net working capital Fixed assets Total assets 50 30 $ Who would gain or lose from the following maneuvers? a. Double-R pays a $35 cash dividend. b. Double-R halts operations, sells its fixed assets for $11, and converts net working capital into $45 cash. It invests its $56 in Treasury bills. c. Double-R encounters an investment opportunity requiring a $35 initial investment with NPV = $0. It borrows $35 to finance the project by issuing more bonds with the same security, seniority, and so on, as the existing bonds. d. Double-R finances the investment opportunity in part (c) by issuing more common stock. Stockholders Bondholders