Question: The tax shield on debt has no value for a firm when: Group of answer choices the firm's debt - equity ratio is exactly equal

The tax shield on debt has no value for a firm when:
Group of answer choices
the firm's debt-equity ratio is exactly equal to 1.
the firm's debt-equity ratio is exactly .5.
the firm is unlevered.
shareholders fully utilize homemade leverage.
RS is less than R0.

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