You are an entrepreneur starting a biotechnology firm. If your research is successful, the technology can be sold for $ 21 million. If your research is unsuccessful, it will be worth nothing. To fund your research, you need to raise $ 5.3 million. Investors are willing to provide you with $ 5.3 million in initial capital in exchange for 45 % of the unlevered equity in the firm. a. What is the total market value of the firm without leverage? b. Suppose you borrow $ 0.5 million. According to MM, what fraction of the firm's equity will you need to sell to raise the additional $ 4.8 million you need? c. What is the value of your share of the firm's equity in cases a and b?