The firm you work for is trying to decide to hle either a Chapter 7 or a Chapter 11 bankruptcy. If it chooses to reorganize, the following future cash flows (M = millions) are expected: Year 1 2 3 4 5 CF S60M SZOMSBOM S90M $100M The appropriate discount rate is 1496. The liquidation value of the firm is $260M. Should the nrm le a Chapter 7 or a Chapter 11 bankruptcy? Chapter 7 bankruptcy because the liquidation value is less than the reorganization value Chapter 11 bankruptcy because the liquidation value is greater than the reorganization value Chapter 11 bankruptcy because the liquidation value is less than the reorganization value Chapter 7 bankruptcy because the liquidation value is greater than the reorganization value