(CHAPTER 16) In the list below, two statements are true and two are false. "Miller and Modigliani Proposition 1, with taxes" says that unlevered firm value is lower than levered firm value. [Select] TRUE FALSE OR . The higher the ratio of debt to equity in a firm's capital structure, the lower the risk to the stockholders. [Select] Stockholders can replicate the effect of an all-equity firm by buying shares of a levered firm and simultaneously lending money. [Select] The weighted average cost of capital is independent of the amount of debt when the firm pays taxes. Select]