As discussed in class, Modigliani and Miler proposed a theory proving that under some idealistic conditions, a fim's capital structure does not matter for its total value. Those idealistic conditions are (1) absences of taxes, (2) symmetric information, (3) absence of transaction costs, (4) perfect rationality, and (5) absence of financial default. We all know that these are entirely unrealistic conditions. Then, what is the value of this theory, proposed by Modigliani and Miler