Which of the following is an action company co-managers should seriously consider in trying to improve the company's credit rating? (The financial measure used in determining company credit ratings are discussed in the Help document associated with page 5 of the Camera & Drone Journal.)

a. Issuing additional shares of stock and using the proceeds to pay down 5-year and 10-year loans

b. Using a portion on the company's internal cash flows and new issues of common stock to pay higher dividends to shareholders

c. Repurchasing shares of the company's common stock; this will lower the cash used for paying dividends, which can then be reallocated to paying down the company's bank loans and thus improving its debt-equity percentages

d. Temporarily reducing annual camera and drone output at the assembly facilities to save on assembly expenses using the cash saved to repurchase shares of stock in Year 10 and beyond

e. Withdrawing all funds from the company's retained earnings account on the balance sheet and using the cash to pay off bank loans