The traditional theory of capital structure says that for any company or investment there is an optimal mix of debt and equity financing that minimizes the WACC and maximizes value. Under this theory, the optimal capital structure occurs where the marginal cost of debt is equal to the marginal cost of equity.
Following the distribution of congressional seats among the states, which is based on population counts from the decennial census, each state with multiple seats is responsible for creating congressional districts to choose representatives.
