Score: 0 of 4 pts 2 of 13 (0 complete) HW Score: 0%, 0 of 30 pts P14-2 (similar to) Question Help You are an entrepreneur starting a biotechnology firm. If your research is successful, the technology can be sold for $32 million. If your research is unsuccessful, it will be worth nothing. To fund your research, you need to raise $4.5 million. Investors are willing to provide you with $4.5 million in initial capital in exchange for 50% of the unlevered equity in the firm. a. What is the total market value of the firm without leverage? b. Suppose you borrow S0.6 million. According to MM, what fraction of the firm's equity will you need to sell to raise the additional $3.9 million you need? c. What is the value of your share of the firm's equity in cases (a) and (by? a. What is the total market value of the firm without leverage? The market value is s million. (Round to one decimal place.) Enter your answer in the answer box and then click Check Answer. ? parts remaining Clear All Check