Companies U and L are identical in every respect except that U is unlevered while L has $16 million of Jo\% bonds outstanding. Assume that: (1) All of the MM assimptions are met. (2) Both firms bre subject to a 40% federal-plus-state corporate tax rate. (3) EBIT is 54 million. (4) The unlevered cost of equity is 10%. a. What value would MM now estimate for each firm? (Hint: Use Propasition 1.) Enter your answers in millions. For example, an answer of $10, 550,000 shouid be entered a 10.55. Round your answers to two decimal places. b. What is is for Fim U? Round yout answer to one decomal place. % What is ru for firm L Do not round intermediate calculations. Round your anvwer to one decimal place. c. Find 54 and then show that 54+D=V results int the same value as obtained in Part a. Enter your answers in millioric. for erample, an arworer of 510,550,000 ahould be entered as 10.55. 00 not round intermediate calculations. Hhind your anwers to two decamal places. Si=5mallion5c+0=5imition d. What is the Wrce for Fem U? Do not round intermediate calculatone. Round your answer to two decamal places. What is the WAcC for fum L.? Do not round intemmediate calculmians. Round wour answer to two deomiat places