The correct choice is (c) 1 + 1/gm*(Rl || ro)
The explanation: If the early effect is considered, the low frequency response of the C.E. stage becomes gm*(Rl || ro). Thereby, miller approximation shows that the capacitance between the base and the collector, looking from the output side, will be increased by a factor of 1 + 1/gm*(Rl || ro). Hence the correct option is 1 + 1/ gm*(Rl || ro).