a company has issued equity to fund new projects of similar systematic risk to the companys existing projects. The company has a debt to asset ratio of 40%. Which statement is NOT correct? Its likely that the:

a.

debt-to-equity ratio will decrease.

b.

firm value has increased because of the higher interest tax shield benefits.

c.

weighted average cost of capital (WACC) after-tax will increase

d.

WACC before tax will stay the same.

e.

debt-to-assets ratio will decrease.