JCR, Inc., is a publicly traded company with only two assets: It owns 80% of Tims Supply Shop and 100% of the Carp Factory. Suppose the market value of JCR Inc., is $200 million, and the market value of the entire Tims Supply Shop (which is also publicly traded) is $150 million.

a. What is the market value of the Carp Factory?

b. In September 2023, JCR Inc. decreased the holdings of the Carp Factory to 20% and it still owns 80% of Tims Supply Shop. Suppose the market value of JCR Inc. and the market value of the entire Tims Supply Shop is the same as in part a. Now what is the market value of the