Assertion: capital's cost | /r/CapableOf | offset any tax savings
Facets:
value: in part
type: MANNER
Source sentences:
text: However, the Modigliani-Miller Theorem (M&M) states that the market value of a company is independent of the way it finances itself and shows that under certain assumptions, the value of leveraged versus non-leveraged firms are equal, in part because other costs offset any tax savings that come from increased debt financing.