A company incurred and capitalized €2 million of development costs during the year.These costs were fully deductible immediately for tax purposes, but the company is depreciating them over two years for financial reporting purposes.The company has a long history of profitability.When calculating the company’s debt-to-equity ratio, the most appropriate way for an analyst to incorporate the differential tax treatment is to: A.include it in equity. B.include it in liabilities. C.not include it in either equity or liabilities.