HP Inc. has a value of $22,000 in a good economy and $17,000 in a...

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Finance

HP Inc. has a value of $22,000 in a good economy and $17,000 in a recession. The firm has $20,000 of debt. The probability of a recession is 50%. The firm is considering a project that would change the firm values to $13,000 in a recession and $31,000 in a good economy.

What is the forecasted bondholder value if the firm follows through with the proposed project?

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