Problem (statement repeated for next problem): Two separate firms are raising $1000 each to fund a project; one has a safe project while the other has a risky one. They must pay 10% return on the funds borrowed since a CD offers that much. The safe project produces $1400, while the risky project produces $3000 with probability 1/3 and nothing otherwise.

Question: With symmetric information, which choice makes sense?

Question 8 options:

	both projects are funded
	the risky project is funded
	neither is funded
	the safe project is funded