stateProbability Value Rainy Warm Hot .2 .3 5 340,000 520,000 1,010,000 The weather conditions in each town are independent of those in the other. Furthermore, each company has an outstanding debt claim of $520,000. Assur that no premiums are paid in the merger. a. What are the possible values of the combined company? (Do not round intermediate calculations.) Possible states Rain-Rain Rain-Warm Rain-Hot Warm-Warm Joint Value 680000 860000 1360000 1040000 1530000 2040000 Warm-Hot Hot-Hot b. What are the possible values of end-of-period debt and stock after the assve no cells -becensin to-ter wherever requied Do not round intermediate calculations.) Debt Value Stock Value Rain- 680000 s 860000 1040000 1040000o 1040000 1040000 Rain 0 Rain Warn 0 Rain-Hot Warm- Warm Warm-Hot 1320000) 0 490000 1000000] Hot-Hot