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Question 13 (5 points) 1. Based on historical experience, which of the following best describes...

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Question 13 (5 points) 1. Based on historical experience, which of the following best describes the ordering of financing choices for firms undertaking long-term investments. Long-term debt first, then equity, then internal funds Long-term debt first, then internal funds, then equity Internal funds first, then equity, then long-term debt Internal funds first, then long-term debt, then equity Issue equity first, then internal funds, then long-term debt

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