Which of the following statements is most CORRECT?

	A.	The optimal debt ratio will maximize the firm's stock price and minimize the firm's cost of capital.
	B.	A company that uses robotics (hence, has high fixed costs for machinery) will have a lower degree of operating leverage than a company that makes its units using labor (rather than machines).
	C.	The optimal debt level for a firm will maximize the firm's earnings per share.
	D.	The pecking order hypothesis says that the first source of funds that a firm should use is retained earnings.
	E.	If a mature firm sells stock to fund a new project, it is signaling to the public that it is very optimistic about the project.