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In a world with taxes and financial distress,when a firm is operating with the optimal capital structure: I. the debt-equity ratio will also be optimal.
II) the weighted average cost of capital will be at its minimal point.
III) the required return on assets will be at its maximum point.
IV) the increased benefit from additional debt is equal to the increased bankruptcy costs of that debt.
Property Taxes
Levies on property that owners are required to pay, usually based on the value of the property.
Sales
The transactions where goods or services are exchanged for money or considerations.
Marginal Tax Rate
The rate at which the next dollar of taxable income would be taxed, reflecting the progressive nature of tax systems.
Average Tax Rate
The ratio of the total amount of taxes paid to the total taxable income, representing the average portion of income that is paid as tax.
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