The Modigliani and Miller approach to capital theory suggests firm valuation is irrelevant to the firm's capital structure. Required: Research arguments for and against M & Ms theory. Questions: Should NPV projects be evaluated based on project merits and independent of the financing used to fund them? Why? Does your research of M & M theory indicate this theory is accurate and true or alternatively has flaws. Why? Independent of M & M theory, identify advantages and disadvantages of debt and equity financing. Required: Include an Introduction, subtopics of each area above, and a Conclusion. Use APA formatting and include a title and reference page. A minimum of 4 pages and 5 external sources is required.\