University Corp will be worth $900 million in one year in a good state of the economy, but only $500 million in a bad state of the economy. The current market value of University Corp is $800 million. Assume the risk-free rate is 4% and University Corp will borrow $250 million today to pay for an immediate dividend. If the probability of the good and bad state of the economy takes place is the same, what is the market value of University Corp's equity right after the dividend is paid? $0 million $800 million O $250 million $550 million