When faced with financial distress; managers of firms acting on behalf of their shareholders' interests will: 1)Favor high risk, high return projects even if they have negative NPV 2)Refuse to invest in low risk, low return projects with positive NPVs 3) Favor issuing large quantity of low quality debt to low quantity of high quality debt 4_Tunnel cash out of the firm through dividends 5_All of the other answers 6) Delay the onset of bankruptcy as long as they can