Max Corporation can raise up to $2200 million for investment from a mixture of debt, preferred stock and retained equity. Above $2200 million, the firm must issue new common stock. Assuming that debt costs and preferred stock costs remain unchanged, the marginal cost of capital for amounts up to $2200 million will be ____ the marginal cost of capital for amounts over $2200 million.
A. less than
B. equal to
C. greater than
D. cannot be determined from the information given