If We Start with the M&M Perfect Capital Markets Assumption

If we start with the M&M perfect capital markets assumption and then relax the no tax assumption on corporations,then we would expect for firms that go from no leverage to some leverage to

A) have the levered version of the firm at least as valuable as the no-leverage firm.
B) have the no-leverage version of the firm at least as valuable as the levered firm.
C) change in value depending upon the level of personal taxes.
D) none of the above.