Given a text T, and several options, according to the question posed in the text T to choose the most appropriate option from the options as the answer, please directly output the most appropriate option, do not need to output the explanation.

According to the pecking order theory:
Option A:new debt is preferable to new equity.
Option B:new debt is preferable to internally generated funds.
Option C:new equity is always preferable to other sources of capital.

Answer: A