Problem Statement
Let $(X,\|\cdot \|)$ be a Banach space and $Y$, $Z$ closed subspaces of $X$. If every $x \in X$ can be uniquely represented as $x=y+z$ for $y \in Y$ and $z \in Z$ then show that there exists $c$ such that $\|y\|\leq C\|x\|$ and $\|z\| \leq C\|x\|$
Attempt
If $L:X \rightarrow Y$ given by $L(x)=L(y+z)=y,$ then we will be done if we can show that $L$ is a bounded linear operator. Alternatively, by adding the two inequalities, we can show that the norm $\|\cdot\|$ is equivalent to $\| \cdot \|_{Y\times Z}$, where $\|(y,z)\|=\|y\|+\|z\|$. I attempted the first approach via the closed graph theorem but I am unable to make any headway.