A privately held company has the following capital structure strategy history would use the weighted average cost of Capital Discounted Cash Flow Method:

	2021	2022	2023	2024
Assets	$2,000,000	$2,500,000	$3,000,000	$3,500,000
Liabilities	$1,300,000	$1,600,000	$2,000,000	$1,800,000
Stockholders' Equity	$700,000	$900,000	$1,000,000	$1,700,000
Common Stock percentage of Stockholders' Equity	100%	80%	70%	60%
Preferred Stock percentage of Stockholders' Equity	0%	20%	30%	40%

Group of answer choices

True

False