The firm Lando expects cash flows in one year's time of $90 million if the economy is in a good state or $40 million if it is in a bad state. Both states are equally likely. The firm also has debt with face value $65 million due in one year. Lando is considering a new project that would require an investment of $30 million today and would result in a cash flow in one year's time of $47 million in the good state of the economy or $32 million in the bad state. Investors are all risk neutral and the risk free rate is zero. Lando can finance the project by issuing new debt of $30 million. If the firm goes bankrupt the new debt will have a lower priority for repayment than the firm's existing debt. Alternatively, Lando can issue new equity of $30 million to finance the project. (d) What proportion of its equity must Lando give to the new equityholders? Will Lando's managers choose to accept the project now? Why/why not