$1.$ Which of the following statements are correct? $[$Select ALL correct answers$].$ A$.$ The beta of the market is $0\mathrm{.}5$ B$.$ According to Modigliani$-$Miller $($with corporate taxation$),$ debt increases the value of the firm. C$.$ The value of cash depends on when you receive it$.$ D$.$ The beta of a risk free asset is $0$ E$.$ Free Cash Flow is independent of financing decisions.

$2.$ When Modigliani$-$Miller's assumptions are relaxed to allow for corporation tax, a firm's WACC increases with debt.