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If there was more debt or more equity in the capital structure, how would this impact the firms WACC and the capital budgeting decisions above?

If there was more debt or more equity in the capital structure, how would this impact the firms WACC and the capital budgeting decisions above? How can you tell? What is the optimal capital structure for any given firm? Be sure to Discuss the implications of M&M capital structure effects found in your text.

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