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When taxes are considered, the value of a levered firm equals the value of the: A. unlevered firm plus the value of the debt. B.

When taxes are considered, the value of a levered firm equals the value of the:

A. unlevered firm plus the value of the debt.

B. unlevered firm plus the present value of the tax shield.

C. unlevered firm.

D. unlevered firm plus the value of the debt minus the value of the tax shield.

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