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When taxes are considered in Modigliani \& Miller Capital Structure Theory: a. As debt increases...

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When taxes are considered in Modigliani \& Miller Capital Structure Theory: a. As debt increases but equity decreases, the company cost of capital goes up b. As equity increases, the company cost of capital goes down c. As debt increases but equity is constant, the company cost of capital stays the same d. As debt increases, the company cost of capital goes down e. As equity increases, the after-tax cost of debt goes down

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