Which of the following statements is false? O A. By repurchasing shares, the firm increases its share count, which decreases its earnings and dividends on a per-share basis O B. The total payout model allows us to ignore the firm's choice between dividends and share repurchases. O C. In the dividend discount model we implicitly assume that any cash paid out to the shareholders takes the form of a dividend, OD. The total payout model discounts the total payouts that the firm makes to shareholders, which is the total amount spent on both dividends and share ropurchases