In Nirvana, all investors are tax exempt. Only firms pay income taxes. How should firms be financed?

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In Nirvana, all investors are tax exempt. Only firms pay income taxes. How should firms be financed? How would the WACC formula works?
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Fundamentals of Financial Management

ISBN: 978-0324597707

12th edition

Authors: Eugene F. Brigham, Joel F. Houston

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