million in all cases. Managers may also increase the risk of the firm, changing the probability of each outcome to $46\%,15\%,$ and $39\%,$ respectively.

a$.$ What is the expected value of Remel's assets if it is run efficiently?

i$.$ $$41\mathrm{.}8$ million, ii$.$ $$50\mathrm{.}2$ million, iii. $$87\mathrm{.}1$ million, iv$.$ $$93\mathrm{.}6$ million. What is the expected value of Remel's assets, including the tax savings, for each debt level in part $($b$)?$ Which debt level in part $($b$)$ is optimal for Remel?

a$.$ What is the expected value of Remel's assets if it is run efficiently?

The expected value of Remel's assets if it is run efficiently will be $dots million. $($Round to two decimal places.$)$