Which of the Following Provides Evidence That Is Consistent with the Pecking

Which of the following provides evidence that is consistent with the pecking order theory?

A) An unusually profitable firm in an industry with relatively slow growth will end up with an unusually high debt/equity ratio.
B) An unusually profitable firm in an industry with relatively high growth will end up with an unusually low debt/equity ratio.
C) An unprofitable firm in an industry with relatively slow growth will end up with a low debt/equity ratio.
D) Companies' past needs for external finance,rather than a target capital structure,determine capital structures.