Path:p QUESTION 11 Use the information in this table to answer parts (a) and (b). Biomass is a biotech firm. The firm has three possible research strategies. Strategy Probability Payoff (in $ millions) 100% 75 B 50% 140 50% 0 10% 300 90% 40 a. Suppose Biomass has debt of $40 M due at the time of the project's payoff. Which project has the highest expected payoff for equity holders? B None of the above