a. Every student loves the Nobel-prize-winning theory of capital structure irrelevance in a world of perfect competition without taxes or private information (and no transactions costs), formulated by Modigliani and Miller, or M&M for short. Suppose there are no personal or corporate taxes and no transactions costs nor private information. In this perfect world, LGB and FJB are crypto issuers, Bitcoin competitors, not yet bankrupt like FTX, identical in all respects, except that LGB is unlevered and FJB has $1,000,000 of 10% bonds outstanding. Assume that EBIT is $300,000 for both, and that the cost of equity to LGB is 15% and the cost of equity to FJB is 20%. Next assume valuations of LGB = $2,200,000 and FJB = $2,000,000. Using the M&M propositions, demonstrate how to make a riskless profit from LGB and FJB without investing a penny of one's own wealth and yes, LGB is the famous "Let's Go Brandon" crypto currency whose first LGB coin was issued in 2021. (10 points)