Management is considering a number of expansion and diversification opportunities in the current budget cycle. Each option requires significant upfront investments before generating positive cash flow over different time frames. Management has estimated the firm's cost of capital. Generally, which of the following strategies is likely to create wealth for the owners (shareholders) over the long run? a. Diversifying into new industries, b. Investing in projects that allow management to maintain the same dividend year after year. c. Investing in projects that can using the maximum amount of debt leverage for the company d. Consistently making investments in those capital projects with a positive Net Present Value based on the company's estimated weighted average cost of capital (WACC). c. All of the above 1. None of the above