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) (% 100 140 310 35 a. Which project has the highest expected payoff? OA. Project A O B. Project B OC. Project C 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? O A. Project A OB. Project B OC. Project C c. Suppose Zymase has debt of $110 million due at the time of the project's payoff. Which project has the highest expected payoff for equity holders? OA. Project A OB. Project B OC. Project C d. The expected agency cost to the firm from having $35 million in debt due is $1 million. (Round to one decimal place.) The expected agency cost to the firm from having $110 million in debt due is $ million. (Round to one decimal place.) 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) (% 100 140 310 35 a. Which project has the highest expected payoff? OA. Project A O B. Project B OC. Project C 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? O A. Project A OB. Project B OC. Project C c. Suppose Zymase has debt of $110 million due at the time of the project's payoff. Which project has the highest expected payoff for equity holders? OA. Project A OB. Project B OC. Project C d. The expected agency cost to the firm from having $35 million in debt due is $1 million. (Round to one decimal place.) The expected agency cost to the firm from having $110 million in debt due is $ million. (Round to one decimal place.)