The board of directors is interested in investing in a new technology. Appropriating existing retained earnings is a choice for funding the new technology. You are a consultant to the board. How would you explain this option to the board members so that they could make an educated decision?

a.	Corporate cash flows must be sufficient to fund this investment.
b.	This sends a message as to the importance to the corporation about the new technology, as it is defining the direction of the corporation.
c.	This reduces funds available for future dividends.
d.	All of the above answers are correct.