QUESTION 12 4.55 points Which statement is FALSE regarding real world factors that affect a firm's capital structure? Firms subject to higher effective tax rates tend to use more leverage than firms subject to lower effective tax rates. Firms with very volatile operating income tend to have higher leverage than firms with very stable operating income. Firms with a lot of tangible assets tend to have higher leverage than firms with few tangible assets. Firms within the same industry tend to have similar leverage