In what way did M&M change their conclusion regarding capital structure choice with the additional assumption of

Question:

In what way did M&M change their conclusion regarding choice with the additional assumption of corporate taxes? In this context, what composes the difference in value between levered and unlevered firms?
Capital Structure
Capital structure refers to a company’s outstanding debt and equity. The capital structure is the particular combination of debt and equity used by a finance its overall operations and growth. Capital structure maximizes the market value of a...