Which of the Following Statements Is FALSE

Which of the following statements is FALSE?

A) The relative proportions of debt, equity, and other securities that a firm has outstanding constitute its capital structure.
B) The project's net present value (NPV) represents the value to the new investors of the firm created by the project.
C) When corporations raise funds from outside investors, they must choose which type of security to issue.
D) The most common choices are financing through equity alone and financing through a combination of debt and equity.