ABC Corporation has the following capital structure: Debt (Bond) $35 Million Preferred Stock $20 Million Common Stock (Retained Earnings) $45 Million Before Tax Cost of Debt 12% Tax Rate 30% Cost of the Preferred 14% Cost of Retained Earnings16% ABC's Weighted Average cost of Capital is: O 12.94% 14.54% 9.56% O 15.10% The cost of external equity is greater than the cost of internal equity due to the: Floatation costs associated with the new equity O Higher dividends associated with the new equity Higher risk associated with the new equity O Priority risk associated with the new equity The relevant cost of debt is its after-tax cost. True False A graph of a firm's acceptable capital projects ranked in the order of the projects' internal rates of return is called the firm's O marginal cost of capital schedule investment opportunity schedule modified internal rate of return schedule internal project classification schedule optimal capital budget schedule