Assume that an all equity financed firm has never issued preferred stock.

Assume that an all equity financed firm has never issued preferred stock. If the firm's sole source of revenue comes from the sales of its products, that is, the income statement item "Other Income" equals zero, then

a.NI is always less than NOPAT

 b.NI is always greater than NOPAT

 c.NI is always equal to NOPAT