Please answer part C as well.

You are an entrepreneur starting a biotechnology firm. If your research is successful, the technology can be sold for $34 million. If your research is unsuccessful, it will be worth nothing. To fund your research, you need to raise S3.3 million. Investors are willing to provide you with S3.3 million in initial capital in exchange for 35% of the unlevered equity in the firm. What is the total market value of the firm without leverage? Suppose you borrow $0.7 million. According to MM, what fraction of the firm's equity will you need to sell to raise the additional S2.6 million you need? What is the value of your share of the firm's equity in cases and What is the total market value of the firm without leverage?The market value without leverage is $ 9.4 million. (Round to one decimal place.) Suppose you borrow $0.7 million. According to MM, what fraction of the firm's equity will you need to sell to raise the additional S2.6 million you need? The fraction of the firm's equity you will need to sell is %. (Round to the nearest whole percentage.)