Joe's Has Old,fully Depreciated Equipment

Joe's has old,fully depreciated equipment.Moe's just purchased all new equipment which will be depreciated over eight years.If Joe's and Moe's have the same sales,costs,tax rate,and enterprise value,then:

A) Joe's will have a lower profit margin.
B) Joe's will have a lower return on equity.
C) Moe's will have a higher net income.
D) Moe's and Joe's will have the same EV multiple.
E) Moe's will have a lower EV multiple.