Voidustries is an industrial company. Given that the market demand for its product will be either low, medium, or high, Voidustries assets will have a value of either $112 million, $160 million, or $183 next year. The likelihood of these three scenarios is 42%, 19%, and 39%, respectively. Voidustries has a beta of 1.06. The market return is 9.3%, and the risk-free rate is 3.8%. Voidustries has zero-coupon debt with a $135 million face value due next year. Assume that the capital markets are perfect. The initial value of Voidustries equity is closest

a. $23.47 million b. $21.41 million c. $21.59 million d. $30.22 million