The market value of Company XYZ$\text{'}$s asset is currently $$45,000,000.$ The capital structure of XYZ

has two elements: debt with face value $$34,000,000,$ which matures one year from now, and

common equity, with $100,000$ shares outstanding. Currently, the total market value of XYZ$\text{'}$s debt is

$$29,000,000,$ and the market value of its equity is $$16,000,000.$

Consider a European call and a European put options on the stock of XYZ maturing a year from now.

Assume that the stock of XYZ pays no dividends during the life of the options, and the strike price

of the options is $$110.$ Assume that a year from now the total value of assets of XYZ can take only

one of two values: $$25,000,000$ or $$65,000,000.$

What is the market value of the described call option today?

What is the market value of the described put option today?

$($must leave $4$ decimal places$)$