4. Which of the following statements is CORRECT?

a. A good goal for a firm's management is maximization of expected EPS.

b. Most business in the U.S. is conducted by corporations, and corporations' popularity results primarily from their favorable tax treatment.

c. Corporations have an advantage over proprietorships because a sole proprietor is exposed to unlimited liability.

d. The financial manager should seek that combination of assets, liabilities, and capital that will generate the largest expected after-tax income over the relevant time horizon generally, the coming year.