Arial 10 A Generale V INI !!! Hol lol Formattazione cond Formatta come tabe Stili cella Incolla G C y C%) E24 2x fx A B D G H - L 1 Exercise 4 2 (3 points) 3 Highlight the correct answer 4 5 Which of the following statements is FALSE. MOTIVATE your answer 6 7 A) When the firm maintains a permanent debt, its future interest tax shields have similar risk to the project's cash flows. 8 B) When debt level are set according to a fixed schedule, we can discount the predetermined tax shields using the debt cost of capital (rd) 9 C) When the firm maintains a target leverage ratio, its future interest tax shields have similar risk to the project's cash flows. 10 D) When the firm keeps its interest payments to a target fraction of its FCF, its future interest tax shields have similar risk to the project's cash flows 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 + FRONT EX1 EX2 EX3 EX4 EX5 EXE EX7 +