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M&M Proposition II with taxes: a.has the same general implications as M&M Proposition II without taxes. b.states that a firm's capital structure is irrelevant. c.supports
M&M Proposition II with taxes: a.has the same general implications as M&M Proposition II without taxes. b.states that a firm's capital structure is irrelevant. c.supports the argument that business risk is determined by the capital structure decision. d.the argument that the cost of equity decreases as the debt-equity ratio increases. e.concludes that the capital structure decision is irrelevant to the value of a firm
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