A firm has only $10\%$ of its assets in Property, Plant and Equipment $($fixed assets$).$ To fund these assets, the firm decided to primarily use Equity as a capital source and as a result, has a very low debt$/$equity ratio. Both of these metrics are well below the average for the S&P $500$ group of stocks.

Using only the information above, and your newly found knowledge of investments, please select the most appropriate answer from the below.

This firm will likely underperform the overall stock market when the economy is in growth phase

This firm will likely outperform the overall stock market when the economy is in growth phase

This firm will likely underperform the overall stock market when the economy is in decline

This firm will likely outperform the overall stock market when the economy is in decline