A Firm Is Equally Likely to Be Worth $50 Million

A firm is equally likely to be worth $50 million, $80 million, $120 million, or $150 million. There is one bond outstanding that promises to pay $100 million at an interest rate of 6%. The appropriate cost of capital for the firm's projects is 12%.
-Refer to the information above. What is the value of the levered equity?

A) $89.3 million
B) $11.5 million
C) $17.5 million
D) This cannot be determined without knowing the cost of equity capital.