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>>> Could you please add the pathway, formulas and the explanation on how to get to the results? Under M&M theory with taxes, what would

>>> Could you please add the pathway, formulas and the explanation on how to get to the results?

Under M&M theory with taxes, what would happen to its WACC and the various components of WACC as it shifted to the higher debt ratio? Interest rate on debt Up Down No Change Cost of Equity Up Down No Change WACC Up Down No Change

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