For the average firm is the least expensive capital, Financial Management

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For the average firm is the least expensive capital

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For the average firm, _________ is the least expensive capital component of the WACC. The reason this componennt is the least expensive is because it ________.

Another component of the WACC, ___________, is alwways going to be less expensive than _________ becuase there are not floatation costs associated with it.

Three choices for fill in the blank: Internal Equity, Debt, External Equity

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