For a company to justify keeping profits as retained earnings:

Select one:

a. it must sign a guarantee that it will earn "as much as possible"

b. it must expect to earn "as much as possible"

c. it must expect to be able to earn at least as much as stockholders could earn on any other investment of equal risk

d. it must expect to earn at least its beta

e. it needs no justification, it's the company's money