Which of the Following Statements About a Firm's Capital Structure

Which of the following statements about a firm's capital structure is true?

A) In a world of perfect financial markets, the value of a firm will be less than the value of its financial claims due to the use of non-financial liability financing.
B) In a world of perfect financial markets, the value of the firm is increased the more a firm can use non-financial liability financing since it has no real cost.
C) In a world of perfect financial markets, the value of a firm is independent of how it is financed.
D) In a world of perfect financial markets, the value of a firm 's financial claims is independent of how it is financed.