In the real world where interest expense is tax deductible but common stock dividends are not, which of the following companies should carry the highest debt-to-capital ratio to maximize shareholder value?

Group of answer choices

A heavy industrial company where demand for its products is highly sensitive to economic conditions

A company that sells essential consumer and household goods through major retailers and grocery stores

A start-up technology company that is not expected to reach profitability for several more years

There is not enough information provided to answer the question