14 15 16 21 Moving to another question will save this response. Question 24 Which one of the following supports the theory that the value of a firm increases as the firm's level of debt increases? O M&M Proposition I with taxes O M&M Proposition II without taxes O M&M Proposition 1 without taxes O Static theory of capital structure O No theory suggests this A Moving to another question will save this response. 23 24 25