In which of the following scenarios is firm's market-to-book ratio most likely to increase the most, when it decreases its earnings reinvestment rate? Assume the firm is an all-equity firm. Future ROE=20%, cost of equity 15% and with the outlook for its projects of 5 years Future ROE=10%, cost of equity 15% and with the outlook for its projects of 5 years Future ROE=10%, cost of equity 15% and with the outlook for its projects of 30 years Future ROE=20%, cost of equity 15% and with the outlook for its projects of 30 years