You are an entrepreneur starting a biotechnology firm. If your research is$$ successful, the technology can be sold for $ $20$$$20$ million. If your research is$$ unsuccessful, it will be worth nothing. To fund your$$ research, you need to raise $$$$5\mathrm{.}45\mathrm{.}4$ million. Investors are willing to provide you with $$$$5\mathrm{.}45\mathrm{.}4$ million in initial capital in exchange for $35\%35\%$ of the unlevered equity in the firm