If you are a shareholder, which project will you pick? Each project needs 400 million investments, with a 50% chance for each outcome. A B 4% -2% 2% 99% Return Risk Let's say a firm with L=50% and a firm value of 400 million. So shareholders and debt holders both invest 200 million in the firm. The promised return on debt is 4%. Please show the return for the company and the shareholders for these two projects.