49 An analyst researches three comparable companies that are seeking to raise capital. Selected information from the common-sized balance sheets of the companies is shown in the table below:

Asset Category	Company 1	Company 2	Company 3
Cash	10%	12%	16%
Marketable securities	20%	7%	5%
Other current assets	13%	20%	12%
Property, plant and equipment (net)	40%	40%	40%
Intangible assets and goodwill	17%	21%	27%
Total assets	100%	100%	100%

Based only on this information, which company is most likely to have the lowest cost of capital?