zymase is a biotechnology start up firm. researcher at zymase must choose one of three

A 0 Zymase is a biotechnology start-up firm Researchers at Zymase must choose one of three different research strategies. The payoffs (after-tax) and their likelihood for each strategy are shown below. The risk of each project is diversifiable Strategy Probability (%) Payoff ($ million) 100 70 B 50 130 50 C 10 290 90 35 a. Which project has the highest expected payoft? b. Suppose ymase has debt of $35 million due at the time of the project's payoff Which strategy has the highest expected payoff for equity holders? c. Suppose Zymase has debt of S120 million due at the time of the projects payoff. Which strategy has the highest expected payoff for equity holders? d. If management chooses the strategy that maximizes the payoff to equity holders, what is the expected agency cost to the firm from having $35 million in debt due? What is the expected agency cost to the firm from having 5120 million in debt due? a. Which project has the highest expected payof? (Select the best choice below) O A. Project A B. Project B JOC. Project b. Suppose Zymase has debt of $35 million due at the time of the project's payoff. Which project has the highest expected payoff for equity holders? (Select the best choice below) O A Project A O B. Project B OC. Project c. Suppose Zymase has debt of 5120 million due at the time of the project's payoff Which project has the highest expected payoff for equity holders? (Select the best choice below) A. Project A O B. Project B OC. Project d. If management chooses the strategy that maximizes the payoff to equity holders, what is the expected agency cost to the firm from having $35 million in debt due? What is the expected agency cost to the firm from having S120 million in debt due? The expected agency cost to the firm from having $35 million in debt due is $ million (Round to one decimal place) The expected agency cost to the firm from having 5120 million in debt due is $ million (Round to one decimal place)