Which of the Following Statements Is TRUE

Which of the following statements is TRUE?

A) There has traditionally been a tax advantage to paying dividends over capital gains.
B) Investors like to be paid in dividends despite the tax inefficiency because of the agency problem.
C) High-dividend taxes typically push firms to choose equity financing instead of debt financing.
D) There is no reason for corporations or investors to have a preference between paying dividends or reinvesting profits.