Which of the following statements regarding optimal dividend policy are correct (choose only one answer - the best one): a. Assuming perfect capital markets and only personal capital gains taxes, firms should never pay out their excess cash through dividends. b. Firms with good future investment opportunities should pay out more dividends, since their managers are more likely to divert funds to perquisites. O c. If the personal tax rate > corporate tax rate it is better to pay out more dividends and let shareholders reinvest the cash on their own. d. (a), (b), and (c) e. (a) and (b) O f. (a) and (c) O g. (b) and (c) O h. None of the above