Which of the following statements regarding existing theories of capital structure is/are true? 1) According to the pie model, the total value of a firm (V_T) will be greater when its managers maximize the value of its marketable claims and minimize the value of its nonmarketable claims

2) The rules of the pecking-order theory advise that firms should finance their investment expenditures by issuing debt before relying on internal equity

3) Based on the traditional version of the static trade-off theory, the marginal tax benefit of debt must exceed the marginal cost of financial distress in order for firm value to be maximized

Could my multiple anwers or just one