Need part b.

Buckeye Industries has a bond issue with a face value of $1,000 that is coming due in one year. The value of the company's assets is currently $1,280. Urban Meyer, the CEO, believes that the assets in the company will be worth either $870 or $1,390 in a year. The going rate on one-year T-bills is 5 percent. a-1. What is the value of the company's equity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a-2. What is the value of the debt? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a-1. a-2. Value of equity Value of debt $ $ 338.57 935.57 Suppose the company can reconfigure its existing assets in such a way that the value in a year will be $950 or $1,830. b. If the current value of the assets is unchanged, what is the new value of the company's equity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Value of equity