Arrange the following financing choices in order of preference suggested by the pecking order theory
(A) Reinvestment of earnings
(B) New issue of equity
(C) issue of debt
Choose the correct answer from the options given below:
1
(A), (B), (C)
2
(A), (C), (B)
3
(B), (C), (A)
4
(B), (A), (C)