Your income is exempt from taxes. Considering this fact, which of the following is true? a. You will always prefer your firm to retain its earnings and grow faster so that you can enjoy capital gains. O b. You will want to invest in tax free government bonds c. You will always choose your stocks based on whether they offer a high or a low dividend payout. O d. You will always go for low dividend - high growth stocks O e. You will be indifferent between receiving dividends or capital gains