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The Modigliani & Miller irrelevance theory suggests that: A the firm needs to use debt to achieve its optimal capital structure. B WACC is not

The Modigliani & Miller irrelevance theory suggests that: A the firm needs to use debt to achieve its optimal capital structure. B WACC is not affected by the capital structure C Tax shield benefits the firm's valuation D bankruptcy costs are relevant to the firm's valuation. E the weight average cost of capital does not exist

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