Instructions: Please respond to the questions below. 1. WACC What role does the cost of capital play

Instructions:

Please respond to the questions below.

1. WACC

What role does the cost of capital play in the overall
financial decision-making of a firm’s top managers?

2. DEBT VS EQUITY

Why do you think debt offerings are more common than equity
offerings and typically much larger as well?

Note:
This is my textbook: Ross, S.A., Westerfield, R. W., Jordan. B. D. (2020).
Essentials of Corporate Finance (10th ed). New York, NY: McGraw Hill ISBN: 9781260394733,
please use as a reference