Question 6 4 pts Management is trying to optimize its capital structure to reduce its WACC and maximize the equity value for its stockholders. Adding more debt as a percentage of total capital may be attractive due to the debt investors lower return expectations, and the fact that debt interest is a tax expense that lowers taxable income (whereas dividends to shareholders are not tax deductible in the United States). Too much debt leverage however increases the risk of financial distress in recessions or unanticipated events like the Covid virus related shutdowns - therefore management must use their best judgement in determining how much is too much debt in their quest to lower the company's WACC and maximize shareholder value. True False