MM's Proposition I corrected for corporate taxes states that: Value of levered firm = Value (all equity financed) + PV tax shield.

Name: MM's Proposition I corrected for corporate taxes states that: Value of levered firm = Value (all equity financed) + PV tax shield.
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MM's Proposition I corrected for corporate taxes states that the value of a levered firm is equal to the value of an all equity financed firm plus the present value of the tax shield.

MM's Proposition I Corrected for Corporate Taxes States That: Value