webapps/assessment/take/launch.sp?course_assessment_id=_162691_1&course_id=_135568_1&content_Id=_296 Remaining Time: 16 minutes, 33 seconds. Question Completion Status: QUESTION 3 Which one of the following has the greatest tendency to increase the percentage of debt included in the optimal capital structure of a firm? O Low probabilities of financial distress Exceptionally high depreciation expenses O very low marginal tax rate O Substantial tax shields from other sources O Minimal taxable income QUESTION 4 5 point According to Modigliani-Miller (M&M) Proposition with tax, the firm value is maximized at 100 debt. True False QUESTIONS Cosy PLC is a publicly listed company that sells home furniture in the UKIt has 36,000 of debt outstanding with a coupon tax rate is 15 percent, then calculate the present value of the tax shield Show your steps