Which of the following is the easiest and most effective way for a typical firm to decrease its WACC (doesn't mean it will always work, but would for the median firm and the examples we have looked at)? (HINT: read over the answers and then look over the WACC formula if you are lost) Issue more equity shares via a secondary share issuance and use the proceeds to buyback debt. Lower the company's risk and start ignoring positive NPV investment projects instead of investing in them. Buyback equity shares, and use the proceeds from the equity buyback to pay large executive bonuses. Buyback equity shares, and also issue more debt simultaneously