Which of the following statements can be justified only by the Pecking order theory but not by the Static theory of capital structure? A) If an all-equity firm needs to raise external capital it is likely to prefer debt over equity B) Firms that regularly generate high profits often have low levels of debt in their capital structure C) Firms that have a high business risk and low tangibility of assets typically have lower debt in their capital structure D) Firms tend to issue debt when the interest rates are low and avoid issuing debt when the interest rates are high Multiple Choice Band D O A and C None of the statements O A and B O A only B only o (0) C only