Question: When Modigliani and Miller revised their original model to include taxes, they concluded that______ a. firms should use only debt in their capital structure b.firms

When Modigliani and Miller revised their original model to include taxes, they concluded that______

a. firms should use only debt in their capital structure

b.firms should reduce their degree of financial leverage

c. taxes also have no bearing on the capital structure decision

d. tax avoidance does not alter a firm's value

e. tax increases lower a firm's value

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