Which of the following is NOT accurate regarding financial leverage?

Multiple Choice

a) Investors can undo the effects of the firm's capital structure by using homemade leverage.

b) The level of financial leverage that produces the highest firm value is the one most beneficial to stockholders.

c) Leverage is most beneficial when EBIT is relatively high.

d) Whenever a firm's debt increases faster than its equity, financial leverage increases.

e) Increasing financial leverage will always increase the EPS for stockholders.