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Please show the graph. Thanks for the help. MM argue that in a world with no taxes and bankruptcy costs, capital structure does not matter.

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Please show the graph. Thanks for the help.

MM argue that in a world with no taxes and bankruptcy costs, capital structure does not matter. Why is this the case? How will their argument change in the real world? Discuss. Please illustrate your answer with the appropriate graph (No more than 4 pages). (20 pts)

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