Mayan Imports has recently found a number of new positive NPV projects that it will need to

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Mayan Imports has recently found a number of new positive NPV projects that it will need to finance. Mayan has $100 million of cash on hand. It also has plenty of financial room to increase its debt as a proportion of its capital structure. If Mayan follows the pecking order theory, what source would you expect it to use for its projects, which require $60 million in assets.

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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