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The Circular File Company has the option to embark upon a project that costs $10 with a PV of $9 (i.e. NPV = $ -

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The Circular File Company has the option to embark upon a project that costs $10 with a PV of $9 (i.e. NPV = $ - 1). The Firm's bylaws state that it will never issue preferred stock. The firm's balance sheet is as follows: Under what conditions would the project be beneficial to the equity shareholders? Under what conditions would the project be beneficial to the bondholders? If your answers for A and B are the same, describe why they are the same. If your answer for A and B are the different, describe why they are the different

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