If the after-tax cost of debt is less than the cost of equity in a firm, which of the following relationships must be true? Assume this firm has no preferred stock. (Multiple Choice)

Question options:

	After-Tax Cost of Debt < Cost of Equity < WACC
	After-Tax Cost of Debt < WACC < Cost of Equity
	WACC = After-Tax Cost of Debt < Cost of Equity
	After-Tax Cost of Debt < Cost of Equity = WACC
	WACC < After-Tax Cost of Debt < Cost of Equity