Please give definitions and list the pros and cons of the Modigliani Miller capital model with corporate taxes, the miller capital model, and the EBIT/ capital cost model

(5) VL=VU+TD (Modiglinni-Miller) (6) VL=VU+[1(1Te)(1Tn)/(1Td)]D (Miller) Here, S= market value of equity D= value of debt EBIT= earnings before interest and taxes kd= cost of debt D= market (and book) value of new debt D0= market value of old debt T= tax rate Tc= corporate tax rate Ts = tax rate on income from stock Td= tax rate on income from debt ks= cost of equity V= total market value P= stock price after recapitalization n0= number of shares before recapitalization n1= number of shares after recapitalization (5) VL=VU+TD (Modiglinni-Miller) (6) VL=VU+[1(1Te)(1Tn)/(1Td)]D (Miller) Here, S= market value of equity D= value of debt EBIT= earnings before interest and taxes kd= cost of debt D= market (and book) value of new debt D0= market value of old debt T= tax rate Tc= corporate tax rate Ts = tax rate on income from stock Td= tax rate on income from debt ks= cost of equity V= total market value P= stock price after recapitalization n0= number of shares before recapitalization n1= number of shares after recapitalization