You are an entrepreneur starting a biotechnology firm. If your research is successful, the technology can be sold for $30 million. If your research is unsuccessful, it will be worth nothing. To tund your research, you need to raise $3.1 milion. Investors are willing to provide you with $3.1 milion in initial capital in exchange for 50% of the unlevered equity in the firm. a. What is the total market value of the firm without leverage? 6. Suppose you borrow $0.4 million According to M&M, what fraction of the firm's equity will you need to sell to raise the additional $2.7 millon you need? c. What is the value of your share of the firm's equity in cases (a) and (b)? a. What is the total market value of the firm without loverage? The market value without leverage is $million (Round to one decimal place.)