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Which of the following statements BEST reflects Modigliani & Miller (M & M) Proposition I, with no taxes? A.A financial manager cannot increase the value

Which of the following statements BEST reflects Modigliani & Miller (M & M) Proposition I, with no taxes?A.A financial manager cannot increase the value of a firm by changing its capital structure.

A. A financial manager cannot increase the value of a firm by changing its capital structure.

B.Debt increases the risk of equity.

C.Firms should use 100% debt to take advantage of the tax shield.

D.All of the above.

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