An all equity firm will spend $1,750,000 to expand the business. It has $100,000 in cash, can botrow up to $850,000, and can issue up to $1,100,000 in new equity. If the firm applies the pecking order theory of capital structure, what percentage of the expansion will be financed with debt? Mutaple Choice 31.43% 94.298 48.578 31.43% 94.29% 48.57% 45.71% 37.14%