From the choices below, select the capital structure that results in the lowest WACC for Flixian Industries. (Rd below is after-tax.) Group of answer choices

Debt = 0%; Equity = 100%; Stock Price = $23.50; Rd = 6.60%

Debt = 20%; Equity = 80%; Stock Price = $24.25; Rd = 7.00%

Debt = 40%; Equity = 60%; Stock Price = $24.00; Rd = 7.60%

Debt = 50%; Equity = 50%; Stock Price = $23.75;