The following information relates to questions 27 and 28. Modigliani and Miller developed a theory describing a firm's optimal capital structure, ranging from a basic model assuming no corporate taxes, to a model including corporate taxes, and ultimately providing for costs of financial distress. Question 27 4 pts Describe the optimal capital structure for a company in terms of cost of capital and firm value as reflected by changing capital structure in the following circumstance: - No Corporate tax Describe the optimal capital structure for a company in terms of cost of capital and firm value as reflected by changing capital structure in the following circumstance: - Corporate tax and costs of financial distress