Question 19 of 20 2.5 Points A firm estimates that its proposed capital budget will force it to issue new common stock, which has a greater cost than the cost of retained earnings. The firm, however, would like to avoid issuing costly new common stock. Which of the following steps would reduce the firms need to raise new common stock? OA. Increasing the companys dividend payout ratio for the upcoming year. B. Reducing the companys debt ratio for the upcoming year. C. Increasing the companys proposed capital budget. D. All of the statements above are correct. E. None of the statements above is correct