Multiple Select Question

Select all that apply

Which of the following statements about the interest tax shield is true?

Multiple select question.

The higher the firm's before$-$tax cost of debt, the higher the value of the tax shield.

Firms that do not pay taxes do not benefit from the tax shield of debt.

The higher the firm's corporate tax rate, the higher the value of the tax shield.

The lower the firm's corporate tax rate, the higher the value of the tax shield.