FILL IN THE BLANK
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