these three questions

Which of the following statements is FALSE regarding increasing shareholder value and growth? a. A firm can increase its growth rate by retaining more of its earnings if new investment return is larger than rate of return required by equity holders. b. If the firm retains more earnings, it will be able to pay out less of those earnings, which means that the firm will have to reduce its dividend. c. Value firms retain more earnings, while growth files distribute more dividends