When there are no taxes and capital markets function well, it makes no difference whether the firm borrows or individual shareholders borrow. Therefore, the market value of a company does not depend on its capital structure
Geothermal's Cost of Capital Weighted Average Cost of Capital (WACC) Capital Structure Required Rates of Return Big Oil's WACC SInterpreting WACC Flotation Costs
Organizing a Business The role of The Financial Manager Financial Markets Who Is The Financial Manager Corporate Goals& Incentives Value Maximization Irwvin/McGraw-Hill The McGraw-Hill Companies