Which project has the highest expected payoff

Suppose Zymase has debt of $110 million due at the time of the projects payoff. Which project has the highest expected payoff for equity holders?

What is the expected agency cost to the firm from having $110 million in debt due

Zymase is a biotechnology start-up firm. Researchers at Zymase must choose one of three different research strategies. The payoffs (after-tax) and their likelihood for each strategy are shown below. The risk of each project is diversifiable. Strategy Probability Payoff ($ million) A 100% 75 B 50% 140 50% 0 C 10% 300 90% 40