A company has discount rate (WACC) of 12%. Which of the scenarios below will create the most value for the company? Question 42Answer a. An ROE of 15% over 15 years with 85% of the earnings reinvested b. An ROE of 15% over 15 years with all earnings paid out as dividends to shareholders c. An ROE of 15% over 5 years with 85% of the earnings reinvested d. An ROE of 15% over 15 years with 50% of the earnings reinvested