Question: How does the level of debt affect the weighted average cost of capital (WACC)? Multiple choice question. The WACC always falls as debt increases. The

How does the level of debt affect the weighted average cost of capital (WACC)? Multiple choice question. The WACC always falls as debt increases. The WACC initially falls and then rises as debt increases. The WACC initially rises and then falls as debt increases. The WACC always increases as debt increases.

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