13. In a world with no taxes, MM show that a firm's capital structure does not affect the firm's value. However, when taxes are considered, MM show a positive relationship between debt and value, i.e., its value rises as its debt is increased. a. True b. False 14. The purchase of assets at below their replacement cost and tax considerations are two factors that motivate mergers. a. True b. False 15. The primary reason managers give for most mergers is to acquire more assets so as to increase sales and market share. a. True b. False