Compare and contrast the following three approaches to the determination of a firm$$s

capital structure:

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$($i$)$ The Traditionalist Approach

$($ii$)$ The Miller$-$Modigliani Approach $($without corporation tax$)$

$($iii$)$ The Miller$-$Modigliani Approach $($with corporation tax$)$

What are the implcations of each approach to Financial Managers?