will be worth $$34\mathrm{.}7$ million in one year. Suppose the risk$-$free interest rate is $10\mathrm{.}1\%,$ assume all cash flows are risk$-$free, and assume there are no taxes.

a$.$ If the firm chooses not to develop the land, what is the value of the firm's equity today? What is the value of the debt today?

b$.$ What is the NPV of developing the land?

d$.$ Given your answer to part $($c$),$ would equity holders be willing to provide the $$20\mathrm{.}3$ million needed to develop the land?

a$.$ If the firm chooses not to develop the land, what is the value of the firm's equity today? What is the value of the debt today?

If the firm chooses not to develop the land, the value of the equity is $g$ million. $($Round to two decimal places.$)$