1.) A lender can require and will make sure the borrowing company to take all positive NPV projects(True Or False)

2.) Looking at the MM's Proposition II (with risky debt), the fact that return of asset remains the same suggests that the company's operational risk does not vary with the weight of debt(True Or False)

3.)According to the trade-off theory, a company should continue borrowing debt because the interest tax shield increases as the debt level increases (True or False)