United Air (UA) has a loan of 1 billion due at the end of year 2020. Due to the recent pandemic, if UA does nothing, its asset will be worth 0.9 billion, so it will need to file for bankruptcy. UA can pursue a new strategy. Under this new strategy, UA can convert its passenger planes to cargo planes to expand into cargo business. At the end the year, with 50% chance, the value of UA's assets will be 1.2 billion; with 50% chance, the value of UA's assets will be 0.5 billion. At the end of year 2020, a. What is the value of UA's equity without the new strategy? b. What is the expected value of UA's debt under the new strategy? c. What is the expected value of UAs equity under the new strategy? d. Should UA pursue this new strategy? Just answer yes or no