Under two-period perfect certainty model, after investing in all higher return projects, if a firm needs to borrow now to pay $5m current dividend, it's value will.....

Group of answer choices

increase if it's not borrowing but paying $5m current dividend

decrease if it's not borrowing but paying $5m current dividend

remain the same if it's not borrowing but paying $5m current dividend

not be predictable

be irrelevant to the different borrowing rates