Which statement below is the most true?
a. There is no way of inferring how the various drivers of growth (g, ROIC, WACC) will impact EBITA valuations without performing calculations.
b. Inorganic growth has a more significant impact on value creation because it signifies to potential investors that the company can make intelligent investments with their capital, and the greatest indicator of future performance is past results.
c. Since organic growth creates more value than inorganic growth, a company with lower ROIC could have a higher multiple than a company with higher a ROIC but less organic growth.
d. None of the above answers is true.