Determine and correct the FALSE statement(s):

As long as the firm's choice of securities does not change the cash flows generated by its assets, the capital structure decision will not change the total value of the firm or the amount of capital it can raise.

In the absence of taxes or other transaction costs, the total cash flow paid out to all of a firm's security holders is equal to the total cash flow generated by the firm's assets.

The unlevered beta measures the market risk of the firm without leverage, which is equivalent to the beta of the firm's assets.

When a firm changes its capital structure without changing its investments, its levered (equity) beta will remain unaltered, however, its asset beta will change to reflect the effect of the capital structure change on its risk.