Levered, Incorporated, and Unlevered, Incorporated,are identical in every way except their capital structures.Each company expects to earn $12 million before interest per year in perpetuity, with each company distributing all its earnings as dividends.Levered has 2 6 million shares outstanding, currently that sell for $84 per share.Unlevered has no debt and 4,3 million shares outstanding, currently worth $69 per share Neither firm pays taxes.What is the value of each company's equity?