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b$)$ which capital structure thengy country $2$ is most consistent with? which scenario is most likely to choose? Eyplain and illustrate your answer graphically. $(2\mathrm{.}5$ marks$)$

c$)$ which capital structure theory country $3$ is most consistent with? which scenario is most likely to choose? Explain and illustrate your answer graphically. $(2\mathrm{.}5$ marks$)$

d$)$ According to Stephenson's statement regarding M&M theory's assumptions, which of the following is true? $($lmark$)$

a$.$ Both the assumptions of transaction costs and financial distress costs are correct.

b$.$ Only the assumption of transaction costs is correct.

c$.$ Only the assumption of financial distress costs is correct.

d$.$ Both assumptions of transaction costs and financial distress costs are incorrect.

e$)$ Analyze the relationship between the Pecking Order theory and the Asymmetric Information theory as presented in the dialogue. $(2\mathrm{.}5$ marks$)$