You are an entrepreneur starting a biotechnology rm. If your research is successful, the technology can be sold for $29 million. If your research is unsuccessful, it will be worth nothing. To fund your research, you need to raise $2.4 million. Investors are willing to provide you with $2.4 million in initial capital in exchange for 25% of the unlevered equity in the rm. a. What is the total market value of the rm without leverage? b. Suppose you borrow $0.6 million. According to MM, what fraction ofthe rm's equity will you need to sell to raise the additional $1.8 million you need? 6. What is the value of your share of the rm's equity in cases (a) and (b)