Which of the following statements concerning the MM extension with growth is NOT CORRECT? The value of a growing tax shield is greater than the value of a constant tax shield For a given D/S, the levered cost of equity is greater than the levered cost of equity under MM's original (with tax) assumptions. The tax shields should be discounted at the cost of debt The total value of the firm increases with the amount of debt. For a given D/S, the WACC is greater than the WACC under MM's original (with tax) assumptions. A Moving to another question will save this response. earch hp