There are $2$ projects for our producer Eurofiction both with a $12$ million cost which will be $100\%$ financed and paid in full

once the projects collect the cash. First one, Money Heist Season $4,$ will make generate in both cases $($bad and good$)21$

million. Second TV project is a new risky one which plot is about Martians invading Spanish House of Representatives.

Expected Cash Flow, E$($CF$),$ for the Risky Project will generate $45$ million if the case turns good and $5$ million if it is bad.

A $50\%$ probability is estimated for each case of the Risky Project. What will be Eurofictions shareholders choice and How

much will $E(CF)$ debtholders are likely to obtain?

a$.$ Martians invading and $$8\mathrm{.}5$ million

b$.$ Martians invading and $$6\mathrm{.}0$ million

c$.$ Money Heist and $$8\mathrm{.}5$ million

d$.$ Money Heist and $$12\mathrm{.}0$ million

The correct answer is: Martians invading and $$8\mathrm{.}5$ million