Please solve B

1. Use the Yieldex Exercise to compare Doug Cosman's financial returns if (1) he accepts the offer from Turn, and if (2) he rejects the offer and tries to continue developing Yieldex by raising VC money under different exit scenarios. After you have completed the Yieldex Exercise, please answer the following questions: a) If Cosman's only goal is to maximize his financial returns, would you advise him to (1) accept the Turn offer, or (2) reject the Turn offer and continue developing Yieldex by raising VC money? Why? Assume that Cosman believes (but is not certain) that, if he rejects the Turn offer and continues developing Yieldex, Yieldex will be sold five years after the Turn offer for $20 million. Also, assume that if Cosman chooses to continue developing Yieldex, he will earn a "reasonable" annual salary of $120,000 until Yieldex is sold. b) How does your answer to the previous question change if Cosman believes that if he continues developing Yieldex, there is a 75% chance that Yieldex will be sold for $5 million, and a 25% chance that it will be sold for $300 million