Which of the following statements is false? a. interest expense reduces taxable income and net income but not ebit. b. when a company repurchases its shares using proceeds from new issues of debt, its futureexpected earnings per share increases. c. 'homemade leverage' is the use of personal borrowing to adjust the overall amount of financialleverage to which the individual investor is exposed. d. under m& m assumptions which ignore special benefits and costs of debt, leverage has asubstantial impact on total firm value and on wacc.

88 because 4 plus 4 equals 8. 40 plus 40 equals 80. 80 plus 8 equals 88

answer; dividing net income by 1- t ;

the answer is d i just took the test (provides the number of allowances an employee has claimed.)

answer: marginal utility of the fourth brownie is 0.

explanation: marginal utility is the addtional utility gained from the consumption of one more unit of a good. it is given by,

so, marginal utility at the 4th unit will be given by

since, the values are not given here, you can simply find marginal utility at fourth unit by subtracting total utility at 3rd unit from total utility at 4th unit.