Required: a. If management decided for corporate financing, i. e., cash flows from Projects X and Y are used jointly to repay the debts contracted for existing and new venture assets, what would be the payoffs to creditors and shareholders of the company under each scenario? b. If management decided for project financing, i. e., cash flows from Project Y are only used to repay the debts for that project, what would be the payoffs to creditors and shareholders of the company under each scenario? c. What are your recommendations for management under each of the foregoing financing alternatives considering contamination risk, conflict of interests, and coinsurance effect