State the three relationships (MM proposition I) between the levered firm (VL) and the unlevered firm (VU) for the three tax scenarios (no tax, corporate tax only, and then corporate and personal taxes). Define your variables and calculate V if EBIT is $10,000, coupon rate (and current yield) is 6% on perpetual debt of $40,000, the cost of unlevered equity is 10%, corporate tax is 30%, personal tax on equity income is 22%, and personal tax on debt income is 45%. Calculate the WACC for each tax scenario. State the three relationships (MM proposition I) between the levered firm (VL) and the unlevered firm (VU) for the three tax scenarios (no tax, corporate tax only, and then corporate and personal taxes). Define your variables and calculate V if EBIT is $10,000, coupon rate (and current yield) is 6% on perpetual debt of $40,000, the cost of unlevered equity is 10%, corporate tax is 30%, personal tax on equity income is 22%, and personal tax on debt income is 45%. Calculate the WACC for each tax scenario