Which of the following statements regarding the capital structure is NOT CORRECT?

Group of answer choices

A) According to the M&M theory under perfect market assumptions, the value of a firm with no debt is less than that with 100% debt.

B) According to the static tradeoff model, a firm's optimal capital structure is one that balances the benefits and costs of its debt financing.

C) According to the M&M theory, if only corporate taxes are considered, the optimal capital structure is one with 100% debt financing.

D) A firm's optimal capital structure is one that minimizes its WACC but maximizes its stock price.

E) The pecking order model predicts that the equity financing is less preferred to debt financing.