Project A has a guaranteed payoff of $200 million, which will exactly compensate the debt holders of the firm.

Project A has a guaranteed payoff of $200 million, which will exactly compensate the debt holders of the firm. Project B has a 50 percent probability of a $400 million payoff and a 50 percent probability of a zero payoff. Which projects do the debt holders prefer and which project do the shareholders prefer? APA format, 250 words, references.