If there are no costs to financial distress, but there are taxes, the optimal capital structure, according to the Modigliani and Miller theory, is:
A) no debt.
B) almost all debt.
C) 50% debt, 50% equity.

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The Answer of If there are no costs to financial distress, but there are taxes, the optimal capital structure, according to the Modigliani and Miller theory, is:
A) no debt.
B) almost all debt.
C) 50% debt, 50% equity.

If There Are No Costs to Financial Distress, but There