(Solution) - Mayan Imports has recently found a number of new positive -(2025 Original AI-Free Solution)

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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.