Sunburn Sunscreen has a zero coupon bond issue outstanding with a face value of $$27,000$ that matures in one year. The current market value of the firm$$s assets is $$28,500.$ The standard deviation of the return on the firm$$s assets is $39$ percent per year, and the annual risk$-$free rate is $4$ percent per year, compounded continuously.

Frostbite Thermalwear has a zero coupon bond issue outstanding with a face value of $$35,000$ that matures in one year. The current market value of the firm$$s assets is $$40,300.$ The standard deviation of the return on the firm$$s assets is $47$ percent per year.

Suppose Sunburn Sunscreen and Frostbite Thermalwear have decided to merge. Because the two companies have seasonal sales, the combined firm$$s return on assets will have a standard deviation of $21$ percent per year.

a$-1.$

What is the combined value of equity in the two existing companies? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

a$-2.$ What is the combined value of debt in the two existing companies? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$-1.$ What is the value of the new firm$$s equity? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$-2.$ What is the value of the new firm$$s debt? $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

c$-1.$ What was the gain or loss for shareholders? $($A loss should be indicated by a minus sign. Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

c$-2.$ What was the gain or loss for bondholders? $($A loss should be indicated by a minus sign. Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$