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6. Bombay Company's balance sheet is as follows: (NWC = net working capital; LTA = long term assets; D = debt; E= cquity; V = firm value): Book Values NWC 200 LTA 2300 2500 500 D 2000 E 2500 V Market Values NWC 200 LTA 2800 3000 500 D 2500 E 3000 V According to MM's Proposition I corrected for taxes, what will be the change in company value if Bombay issues $200 of equity and uses it to make a permanent reduction in the company's debt? Assume a 35% tax rate. A) +$140 B) +$70 C) $0 D) $70 Personal tax rate an emit