Levered and Unlevered are two companies with identical business risk.Their earnings are perfectly correlated.Each company is expected to earn $96M per year in perpetuity and they distribute all of their earnings.Levered's debt has a market value of $275M and yields 8%.Levered stock sells at $100/share and there are 4.5M shares outstanding.Unlevered has 10M shares outstanding with a price of $80 per share.Unlevered has no debt.There are no taxes.Which stock is a better investment?