Companies U and L are identical in every respect except that U is unlevered and L has a debt of $10 million with the cost of debt ra being 5%. Assume that (1) all the MM assumptions are met, (2) all the firms are subject to a 40% tax rate, (3) EBIT is $2 million and (4) the unlevered cost of equity su is 10%. Based on MM model with corporate tax, what is the value of the levered firm