In 2004,Microsoft Paid One of the Largest Extraordinary Dividends in History.All

In 2004,Microsoft paid one of the largest extraordinary dividends in history.All of the following contributed to this historical event EXCEPT:

A) the Jobs & Growth Tax Relief Reconciliation Act (JGTRRA) of 2003 made the tax rate less burdensome to investors.
B) Microsoft was interested in changing its capital structure.
C) Microsoft had a lot of cash on its balance sheet.
D) Microsoft was not making significant investment in capital budgeting projects as compared to its cash balance.