Although the major benefit of debt financing is easy to observe the tax shield-many of the indirect costs of debt financing can be quite subtle and difficult to observe. Describe some of these costs. (Select from the drop-down menus.) O A. Overinvestment: Highly leveraged firms run the risk of bankruptcy and so cannot write long term employment contracts and offer job security. OB. Overinvestment: Not investing in positive NPV projects OC. Overinvestment: Investing in negative NPV projects. OD. Overinvestment: Paying out dividends instead of investing in positive NPV projects. (Select from the drop-down menus.) O A. Underinvestment: Not investing in positive NPV projects OB. Underinvestment: Paying out dividends instead of investing in positive NPV projects. OC. Underinvestment: Highly leveraged firms run the risk of bankruptcy and so cannot write long term employment contracts and offer job security. OD Underinvestment: Investing in negative NPV projects. (Select from the drop-down menus. O A. Cashing out: Highly leveraged firms run the risk of bankruptcy and so cannot write long term employment contracts and offer job security. OB. Cashing out: Paying out dividends instead of investing in positive NPV projects, O c. Cashing out: Not investing in positive NPV projects OD. Cashing out: Investing in negative NPV projects. (Select from the drop-down menus.) O A. Employee job security: Investing in negative NPV projects OB. Employee job security: Not investing in positive NPV projects O c. Employee job security: Highly leveraged firms run the risk of bankruptcy and so cannot write long term employment contracts and offer job security. OD. Employee job security: Paying out dividends instead of investing in positive NPV projects