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Consider a project with free cash flows in one year of $ 133 495in a weak market or $ 199 139 in a strong? market, with eachoutcome being equally likely. The initial investment required forthe project is $ 90 000?, and the? project's unlevered cost ofcapital is 15 %. The? risk-free interest rate is 9 %. ?(Assume notaxes or distress? costs.) a. What is the NPV of this? project? b.Suppose that to raise the funds for the initial? investment, theproject is sold to investors as an? all-equity firm. The equityholders will receive the cash flows of the project in one year. Howmuch money can be raised in this waylong dashthat ?is, what is theinitial market value of the unlevered? equity? c. Suppose theinitial $ 90 000 is instead raised by borrowing at the? risk-freeinterest rate. What are the cash flows of the levered equity in aweak market and a strong market at the end of year? 1, and what isits initial market value of the levered equity according to?MM?