The cost of capital declines when the degree of financial leverage increases 'who advocated it'.

The cost of capital declines when the degree of financial le

1.	The cost of capital declines when the degree of financial leverage increases 'who advocated it'.
A.	Net operating income approach
B.	Net income approach
C.	Modigliani - Miller approach
D.	Traditional Approach
Answer» C. Modigliani - Miller approach