Mariam has started a new company, EFG Ltd. She is lucky to have three different options to raise the 500,000 needed to finance the new company's operations: Option 1: Issuing 500,000 shares with a nominal value of 1 Option 2: Issuing 200,000 shares with a nominal value of 1 and issuing 30,000 5% preference shares with a nominal value of $10 Option 3: Issuing 400,000 shares with a nominal value of $1 and issuing 10,000 5% debentures with a nominal value of $10 Which one of the three options has the lowest financing cost? A: Option 1 B: Option 2 C: Option 3 D: The financing costs for each of the three options are the same