Debt has the lowest cost of capital because the interest is tax deductible. Should a company use only debt to finance their projects, if they are able to find a suitable lender? Choose the best answer. O a. Yes. Debt is cheaper and should be used if a suitable lender is available. O b. No. Previous debt covenants may not be met and target structure is a factor O c. Yes. Debt is cheaper and less than the WACC. O d. No. Shareholders would like to purchase shares for greater ownership