Financial leverage may have a material impact on a companys return on equity (ROE). Which of the following statements is less likely to be true? a. A companys ROE will be higher if the company is able to earn a return on assets that is higher than the interest rate on its borrowings b. A company may increase its ROE by undertaking share buybacks c. A company that undertakes share buyback will experience a fall in ROE d. An increase in financial leverage and interest will result in more volatile changes to a companys ROE in relation to changes in operating earnings e. A company may be able to increase its ROE by increasing its debt/equity ratio