If a company issues bonds and uses the proceeds to repurchase shares, which of the following statements is NOT correct? O a. the after tax weighted average cost of capital (WACC) will decrease due to the higher interest tax shields from having more debt. O b. The company is shorting debt. c. The before tax WACC will be unchanged as assets (and required return on assets) will be unchanged. d. the value of the firm will increase by the present value of the interest tax shields O e. the company will pay more tax to the government due to higher tax shields