Companies U and L are identical in every respect except that U is unlevered while L has $12 million of 7% bonds outstanding. Assume that all of the original M&M assumptions are met, that EBIT is $3 million for both companies and that the cost of equity to company U is 9%. If there are no corporate or personal income taxes what is the M&M value for firm L $42.86 million $33.33 million $133.33 million None of the above