Rank in ascending order (i.e., 1 = lowest, while 3 = highest) the likely after-tax component costs of a Company's long-term financing.

1 = common stock; 2 = preferred stock; 3 = bonds.

1 = bonds; 2 = common stock; 3 = preferred stock.

1 = bonds; 2 = preferred stock; 3 = common stock.

1 = preferred stock; 2 = common stock; 3 = bonds.

Rank in ascending order (i.e., 1 = lowest, while 3 = highest) the like

1.	Rank in ascending order (i.e., 1 = lowest, while 3 = highest) the likely after-tax component costs of a Company's long-term financing.
A.	1 = bonds; 2 = common stock; 3 = preferred stock.
B.	1 = bonds; 2 = preferred stock; 3 = common stock.
C.	1 = common stock; 2 = preferred stock; 3 = bonds.
D.	1 = preferred stock; 2 = common stock; 3 = bonds.
Answer» C. 1 = common stock; 2 = preferred stock; 3 = bonds.