The Knight Corporation has assets in place that will be worth either $60 (good state) or $20 (bad state) in the next period with equal probability. The Knight has senior debt outstanding with a face value of $40 that is due next period. Assume the discount rate is zero. If Knight wants to raise $20 by issuing junior debt and use the proceeds to invest in a project that generates $30 regardless of the state. What is the face value of the new debt