Which of the following propositions concerning the first paper published by Modigliani \& Miller in 1958 (MM I) are true? (i) The firm's capital structure affects its value. (ii) They assume that there are no corporate taxes. (iii) Because individuals can use homemade leverage strategies, the capital structure is irrelevant (iv) If the amount of debt in a firm's capital structure increases, its weighted-average-cost-of-capital (WACC) will increase. Only (ii) and (iii) are true. Only (i) (ii) and (iii) are true. Only (i) and (ii) are true. Only (ii) is truc. Only (ii). (iii) and (iv) are true